Sudarshan Chemical Industries Limited has informed regarding Disclosure of material issue
SUDARSCHEM · price
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Sudarshan Chemical Industries has been fined Rs 1,53,400 each by BSE and NSE (total ~Rs 3.06 lakh including GST) for not submitting its audited financial results for the quarter and year ended 31st March 2025 within the deadline set by SEBI's Listing Regulations. The company had requested an extension from the exchanges on 30th May 2025 and informed the public, but the audit is still in progress. Sudarshan says it will pay the fines within the timelines set by the exchanges and that the penalty has no material impact on its finances, operations, or business activities. It will announce the date of the board meeting to approve the audited results once the audit is complete.
The fines are small relative to the company's size and the company confirms no financial or operational impact. However, the delay in audited results means investors are still waiting for full-year FY25 earnings, and any further delay could affect sentiment or invite additional penalties.