The Exchange had sought clarification from Rajshree Polypack 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.
RPPL · price
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NSE had asked Rajshree Polypack to clarify why its Q4 FY25 financial results did not match the prescribed format. The company explained that it has only one joint venture (Olive Ecopak Private Limited), which is accounted for using the equity method under Ind AS 28 rather than line-by-line consolidation. The cumulative share of losses from this JV had already exceeded the company's investment, so no further losses were recognized in Q4 FY25. As a result, the standalone and consolidated results for the quarter are identical. The company stated this treatment is fully compliant with Ind AS and has been confirmed by its statutory auditors.
This is a routine accounting clarification with no financial penalty or regulatory action. The identical standalone and consolidated figures may raise minor investor questions about the JV's financial health, but the company has justified the treatment as compliant with accounting standards.