Pursuant to Regulation 30 Of SEBI (LODR), 2015, please find enclosed intimation regarding deferment of specific agrnda item pertaining to the approval of the audited financial statements ....
Awaiting price reaction for this filing.
CMI Ltd has deferred the approval of its audited financial statements for the financial year ended March 31, 2025, which was scheduled for the board meeting on October 31, 2025. The deferment is on the instructions of the Resolution Professional. The company confirmed that NCLT has admitted an insolvency application filed by Canara Bank (financial creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016, and Mr. Deepak Maini has been confirmed as the Resolution Professional to oversee the Corporate Insolvency Resolution Process. A revised board meeting date to approve the financial statements will be communicated in due course.
Shareholders should note that the company is undergoing corporate insolvency resolution, which typically puts equity at significant risk and may lead to dilution or write-down. Delayed financial reporting adds uncertainty for investors trying to assess the company's true financial health.