Shirpur Gold Refinery Limited has informed the Exchange about Non-Submission of Audited Financial Results (Standalone and Consolidated) under Regulation 33 of the SEBI LODR Regulations, ....
Awaiting price reaction for this filing.
Shirpur Gold Refinery Limited has informed exchanges that it cannot submit its audited financial results for Q4 and FY 2026. The company is undergoing Corporate Insolvency Resolution Process (CIRP) since June 24, 2024, after NCLT Mumbai admitted the insolvency petition. The appointed Resolution Professional (RP) has cited difficulties in compiling financial records due to unresolved issues with the suspended Board of Directors. SEBI regulations 17-21 (related to board committees) are exempted during the insolvency period. This is the second consecutive delay in financial reporting, raising concerns about the company's ability to maintain listing compliance.
Shareholders face heightened uncertainty as the company cannot meet mandatory financial disclosure requirements. The stock may face trading restrictions or potential delisting if the situation is not resolved. Continued non-compliance with SEBI LODR could lead to regulatory action by exchanges.