The Exchange had sought clarification from Amit Spinning Industries Limited for the quarter ended 30-Jun-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. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI The response of the Company is enclosed.
Awaiting price reaction for this filing.
The stock exchange (NSE) asked Amit Spinning Industries to explain why its Limited Review Report / Independent Auditor's Report for the quarter ended 30 June 2024 was not in the format prescribed by SEBI under Regulation 33 of the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company has now submitted its response to the exchange. No financial numbers or earnings figures are involved in this filing. The matter appears to be a procedural/formatting query on the auditor's report rather than a dispute over the contents of the results.
This is a routine compliance clarification regarding the format of the auditor's report and is unlikely to materially affect the share price. Shareholders should watch for any follow-up from SEBI or the exchange, but there is no indication of penalty, financial restatement, or governance concern at this stage.