The Exchange had sought clarification from RACL Geartech 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.
RACLGEAR · price
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NSE flagged that RACL Geartech's audited standalone financial results filed on May 7, 2025 for the quarter and year ended March 31, 2025 were missing the 'balancing figure' note required under Regulation 33(3)(e) of SEBI's Listing Regulations. The company clarified that the omission was unintentional and provided the missing note, confirming the Q4 figures are the balancing figures between the audited full-year numbers and the unaudited nine-month figures. The statutory auditors Gianender & Associates issued an unmodified audit opinion on both standalone and consolidated results. For FY24-25 on a standalone basis, total income stood at Rs. 427.29 crore with profit after tax of Rs. 25.60 crore, down from Rs. 39.81 crore in FY23-24.
This is a minor procedural compliance correction with no impact on the actual financial numbers or audit opinion. Shareholders should not see any material effect on the stock price, though it reflects a lapse in disclosure format compliance that the company has now rectified.