Disclosure of reason for the delay in submission of Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2025 under regulation 33 of ....
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Adarsh Mercantile Limited has missed the SEBI-mandated deadline of May 30, 2025 for submitting its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025 under Regulation 33 of the Listing Regulations. The company has attributed the delay to it undertaking consolidation of financial statements for the first time, which involves aligning accounting policies, preparing consolidated schedules, and coordinating with subsidiaries and statutory auditors. As a result, the Board meeting scheduled for May 30, 2025 (which was to approve the results) has been cancelled, and a revised date will be communicated later. The company has expressed regret and stated it is working with its auditors to finalise and submit the results as soon as practicable.
This is a negative compliance signal — missing the 60-day deadline reflects weak financial reporting discipline and could dent investor confidence in governance. However, the reason cited (first-time consolidation) suggests the company may have added subsidiaries, indicating business expansion, though the lack of a confirmed new submission date keeps uncertainty elevated until the revised board meeting is announced.