Suumaya Industries Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results for the quarter and year ended March 31, 2025
Awaiting price reaction for this filing.
Suumaya Industries has informed NSE that it is unable to submit its audited financial results for the quarter and year ended March 31, 2025 within the SEBI-mandated 60-day deadline. The company attributes the delay to its recent emergence from the Corporate Insolvency Resolution Process (CIRP), which was withdrawn by NCLT order on April 8, 2025. Following this, an Executive Director and a Non-Executive Non-Independent Director resigned on May 10, 2025, and another Non-Executive Director passed away on May 12, 2025. As a result, the Board currently consists only of Non-Executive Independent Directors, and the company is working to reconstitute the Board and appoint new directors.
This delay is a regulatory non-compliance under SEBI LODR Regulations and could attract exchange scrutiny or penalties. Shareholders face continued uncertainty given the company's troubled past with insolvency proceedings, ongoing governance vacuum, and lack of timely financial visibility. The trading window remains closed until 48 hours after results are declared.