The Exchange had sought clarification from The Orissa Minerals Development Company Limited for the quarter ended 31-Dec-2024 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. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI The response of the Company is enclosed.
ORISSAMINE · price
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NSE asked Orissa Minerals Development Company to clarify why its Limited Review/Independent Auditor's Report for the quarter ended December 31, 2024 was not in the format prescribed by SEBI under Regulation 33 of the Listing Obligations and Disclosure Requirements Regulations, 2015. The company has now submitted its response to the exchange. This is a procedural compliance matter regarding the presentation of the auditor's report rather than a financial or governance concern. Investors should wait to see if the exchange accepts the company's explanation or takes any further action.
This is a minor formatting-related compliance query and does not indicate any financial trouble or serious regulatory trouble for the company. Shareholders are unlikely to see any meaningful impact on the stock price unless the exchange escalates the matter further.