The Exchange had sought clarification from S.J.S. Enterprises 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.
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Awaiting price reaction for this filing.
NSE had sought clarification from S.J.S. Enterprises after the company submitted its March 2025 quarter results with the word 'Unaudited' in the header, which did not match the SEBI-prescribed format. The company clarified that the results were in fact audited (with an unqualified opinion from BSR & Co. LLP), and that the 'Unaudited' label was an inadvertent clerical error during manual preparation. Alongside the clarification, the company filed its full audited FY25 results: consolidated total income rose to Rs. 7,683.1 million (from Rs. 6,355 million in FY24) with profit before tax of Rs. 1,528.6 million, while standalone net profit stood at Rs. 919.9 million. The Board recommended a final dividend of Rs. 2.50 per share (25%) and allotted 7,500 equity shares under the ESOP 2021 scheme. The company also disclosed that an Income Tax department survey was conducted at its Bengaluru office in January 2025, and that it received a show cause notice for AY 2019-20 and 2020-21, to which it has responded and does not foresee any material financial impact.
The clarification resolves a minor formatting/compliance query from the exchange and is unlikely to affect the stock meaningfully. Investors can focus on the strong FY25 performance, the 25% dividend, and the routine Income Tax show cause notice which the company believes will not impact results.