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Awaiting price reaction for this filing.
Orosil Smiths India has issued a clarification on its Q1 FY26 (quarter ended June 30, 2025) unaudited financial results filed earlier on July 28, 2025. The company flagged that the amount shown as 'Provisions for Interest Receivable from NCDs' as on June 30, 2025 does not match the actual interest that was credited to its bank account in late July. The actual interest received is lower than what was provisioned, which the company admits may reduce the reported profit for the quarter. Orosil Smiths has reached out to the NCD counterparty to understand the basis of the calculation gap and is working to resolve the matter. Further updates will be shared as developments occur.
Investors should expect a possible downward revision to the Q1 FY26 profit figures once the interest discrepancy is resolved. This raises minor red flags around earnings quality and the accuracy of provisional disclosures, though the company has been transparent in flagging the issue proactively.