The Exchange had sought clarification from Orchasp Limited for the quarter ended 31-Mar-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 results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standard The response of the Company is enclosed.
ORCHASP · price
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Orchasp Limited responded to a query from NSE regarding its audited financial results for the quarter and year ended 31 March 2025. The company clarified that its two subsidiaries — Cybermate Infotek Limited Inc, USA and Cybermate International Unipessoal, LDA, Portugal — have had no operations during the period. As a result, the consolidated financial results are identical to the standalone results, with no differences in income, expenses, assets, or liabilities. This fact was already disclosed in Note 6(b) of the earlier submission. The Managing Director and CFO, P. Chandra Sekhar, signed the clarification.
This is a procedural clarification rather than a material business update. For shareholders, it confirms that consolidated numbers mirror standalone, but it also raises questions about the strategic value of the inactive overseas subsidiaries. No new financial metrics or risks are disclosed that would directly move the stock.