Poddar Housing and Development Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results
Awaiting price reaction for this filing.
Poddar Housing and Development Limited's shares have been suspended from trading on BSE and NSE since 13 December 2024 due to repeated failure to submit financial results on time, with compulsory delisting on the table after a six-month window. The company attributes the non-compliance to post-Covid effects, frequent staff changes, manpower shortage, financial difficulties, and discontinuation of ongoing projects. It has since filed the audited results for the quarter and year ended 31 March 2024 on 29 April 2025 and scheduled the 2024 AGM for 30 June 2025. A tentative schedule has been shared to declare all pending quarterly results between June and October 2025, with a commitment to file one quarter's results roughly each month going forward. The company is requesting the exchanges to drop delisting proceedings and revoke the trading suspension.
Shareholders are currently locked in and cannot trade the stock until the exchanges lift the suspension, so the positive outcome here hinges on whether BSE and NSE accept the compliance plan. Successful revocation would restore liquidity, but the risk of compulsory delisting remains real if the company misses its own newly declared deadlines.