The Exchange had sought clarification from OCCL Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial details of Subsidiary(ies)/Associate(s)/Joint venture(s) not submitted. The response of the Company is enclosed.
OCCLLTD · price
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OCCL Limited responded to NSE's clarification query on why financial details of associates were not included in its December 2025 quarter results. The company clarified that its 48% stake in Clean Max Infinia Private Limited does not qualify as an 'associate' under Ind AS 28, as OCCL does not have significant influence over its financial and operating policies. Additionally, OCCL has no subsidiaries, joint ventures, or associates requiring consolidation. Clean Max Infinia has not commenced commercial operations, so no financial data was available to disclose.
This is a procedural clarification with no material financial impact on shareholders. The filing addresses a compliance observation and explains the accounting treatment of the 48% investment, which is not being equity-method consolidated.