The Exchange has sought clarification from PPAP Automotive 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 is 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 awaited.
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The NSE has asked PPAP Automotive to clarify a compliance issue related to its Q2 FY26 (quarter ended 30-Sep-2025) financial results filed under SEBI's Listing Regulations. Specifically, the Limited Review Report submitted by the company's auditor was not in the format prescribed by SEBI. The company has not yet responded, and its clarification is awaited. There is no indication of any financial misstatement, fraud, or penalty at this stage — the issue appears limited to the format/structure of the auditor's report rather than its content.
This is a procedural compliance flag and not a financial or governance concern. It is unlikely to move the stock materially, but prolonged non-response could attract further regulatory scrutiny or a penalty from the exchange.