The Exchange had sought clarification from Precot 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. Financial results submitted is not as per format prescribed by SEBI The response of the Company is enclosed.
PRECOT · price
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The National Stock Exchange (NSE) sought a clarification from Precot Limited regarding its financial results for the quarter and year ended March 31, 2025, under Regulation 33 of SEBI's Listing Regulations. The query was about why the standalone and consolidated profit and loss figures were identical. The company responded that under Indian Accounting Standards, it consolidates a partnership entity in which it holds 99.88% of capital, and since that subsidiary only holds land and building assets with no other business activity, the standalone and consolidated P&L figures are the same. The company's Company Secretary, S. Kavitha, submitted the clarification on June 25, 2025.
This is a routine procedural clarification on financial reporting format and is unlikely to have any material impact on shareholders or the stock price. No financial irregularities or penalties are involved.