The Exchange had sought clarification from Suyog Telematics 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 in XBRL with discrepancies The response of the Company is enclosed.
SUYOG · price
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Awaiting price reaction for this filing.
Suyog Telematics submitted revised audited financial results for Q4 and FY25 after NSE flagged discrepancies in the original XBRL filing under Regulation 33 of SEBI LODR. The company clarified that an internal version of the consolidated results was uploaded by mistake, and the XBRL was incorrectly marked 'Audited' instead of 'Unaudited' for the quarter — both errors have since been corrected. Full-year FY25 revenue rose about 15.6% to ₹20,152 lakhs, but net profit fell roughly 36% to ₹4,055 lakhs, and Q4 FY25 swung to a loss of ₹1,378 lakhs versus a profit of ₹1,572 lakhs in Q4 FY24. The auditor flagged going-concern concerns tied to a large customer's financial health, weaknesses in internal controls, and pending reconciliations of trade receivables, payables, GST and TDS balances.
The filing is a procedural correction rather than a regulatory penalty, so immediate compliance fears should ease. However, the steep Q4 loss, the auditor's emphasis on a major customer going-concern risk, and noted internal control gaps may pressure the stock and warrant close monitoring of the large customer's payment behaviour.