Outcome for Adjournment of Board Meeting to Friday, 6th June 2025
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Sterling Green Woods Ltd informed the stock exchange that its board meeting scheduled for 30 May 2025 could not be held due to lack of quorum. The meeting was originally called to approve the audited standalone and consolidated financial results for Q4 and the full financial year ended 31 March 2025, along with the auditor's report. As per Section 174(4) of the Companies Act, 2013, the meeting has been automatically adjourned to Friday, 6 June 2025 at the same time and place. The trading window for designated persons remains closed from 1 April 2025 until 48 hours after the financial results are declared.
This is a procedural update with no financial impact. Shareholders should note that the FY25 audited results announcement is now delayed by a week to 6 June 2025. Lack of quorum at a board meeting is uncommon and may raise minor governance concerns but does not affect the company's fundamentals.