The Exchange had sought clarification from Texmaco Infrastructure & Holdings Limited for the quarter ended 31-Dec-2024 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 not signed by authorized signatory/ies The response of the Company is enclosed.
TEXINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE had asked Texmaco Infrastructure & Holdings to clarify why its financial results for the quarter ended 31 December 2024 were not signed by an authorized signatory, as required under SEBI Listing Regulations. The company responded that the Board of Directors, at its meeting on 31 January 2025, authorized Mr. Ravi Todi, Independent Director and Chairman of the Audit Committee, to sign the results on behalf of the Board. A certified copy of the board resolution has been submitted to the exchange. The issue appears to be a procedural compliance gap rather than a financial or governance concern.
This is a routine compliance clarification and is unlikely to have any material impact on the stock price or shareholders. It reflects a minor administrative lapse in signing the quarterly results, which has now been corrected.