The Exchange had sought clarification from Poonawalla Fincorp Limited for the quarter ended 30-Sep-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. -2. 2013 or as per Indian Accounting Standard. The response of the Company is enclosed.
POONAWALLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NSE asked Poonawalla Fincorp to explain why the standalone and consolidated financial results for the quarter and half-year ended September 30, 2025 showed identical figures, which appeared inconsistent with the format prescribed under Schedule III of the Companies Act, 2013 and Indian Accounting Standards. The company clarified that its joint venture, Jaguar Advisory Services Private Limited (JASPL), was approved for divestment in late 2021 and the board reaffirmed this intent in April 2025. As the investment in JASPL is classified as 'assets held for sale' under Ind AS 105, the equity method of accounting was discontinued from December 13, 2021, so no share of JASPL's profit or loss is included in consolidated results. This is why the standalone and consolidated profit and loss figures are the same. The filing is purely a procedural response, with no restatement of numbers.
This is a routine accounting clarification, not a penalty or adverse action. Shareholders should see no material impact on earnings or stock price, as the company is simply explaining a technical treatment of a held-for-sale investment.