RKEC Projects Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results
RKEC · price
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RKEC Projects Limited has informed NSE about its inability to submit Audited Financial Results for FY 2025-26 within the prescribed timeline. The company cited two main reasons: directors are extensively travelling for project execution, monitoring and realisation exercises, and the main partner of their statutory auditor is currently out of the country until the second week of June. Additionally, the finalisation of accounts and audit procedures including reconciliation and verification are still under process. The company states it is making all possible efforts to complete the audit at the earliest, but has not yet fixed a date for the board meeting to consider and approve the results.
This is a negative development as the company will miss SEBI-mandated deadlines for financial reporting. The reliance on a single auditor partner for signing financials represents a process vulnerability. Shareholders face uncertainty as audited results are now delayed by at least 2-3 weeks beyond the March 31 year-end deadline.