The Exchange had sought clarification from Poonawalla Fincorp 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. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI The response of the Company is enclosed.
POONAWALLA · price
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Poonawalla Fincorp responded to an NSE query regarding its Q4 FY25 financial results. The exchange had pointed out that the auditor's consolidated report mentioned a share of net profit from joint venture Jaguar Advisory Services (JASPL), which was incorrectly included. The company clarified that it had already decided in November/December 2021 to sell its stake in JASPL, and the board reaffirmed this intent on April 25, 2025. Because of this, JASPL was classified as 'held for sale' under accounting rules and the equity method of accounting was discontinued from December 2021. As a result, no profit or loss from JASPL was included in FY25 consolidated results, and the auditor's reference to a share of net profit was an erroneous mention.
This is a routine clarification on a technical reporting discrepancy and does not indicate any financial irregularity or regulatory penalty. Shareholders should not expect any material impact on earnings or stock price, as the company confirms no share of joint venture profit was actually booked in the results.