The Exchange had sought clarification from Sikko Industries 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 -2. The company has not submitted declaration in case of unmodified opinion(s) The response of the Company is enclosed.
SIKKO · price
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NSE had raised four clarification queries on Sikko Industries' financial results for the quarter and year ended March 31, 2025, including: results not being in SEBI-prescribed format, missing declaration of unmodified audit opinion, identical standalone and consolidated figures, and missing declaration for consolidated results. The company responded that the results were prepared as per the applicable SEBI circulars and master circular, and that the unmodified opinion declaration had already been submitted on May 23, 2025 (re-attached for reference). It explained that its new wholly-owned subsidiary, Sikko Foundation (a Section 8 company incorporated on December 21, 2024), has not yet commenced operations, which is why standalone and consolidated numbers are the same. The statutory auditor, M/s. DGMS & Co., Chartered Accountants, issued an unmodified opinion on both the standalone and consolidated audited results.
This is a routine compliance exchange with the exchange, not a penalty or adverse action. The unmodified audit opinion suggests no material concerns in the financials, and shareholders should view this as a procedural clarification rather than negative news.