The Exchange had sought clarification from CMI Limited for the quarter ended 31-Mar-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: The response of the Company is enclosed.

CMI Limited submitted its audited financial results for Q4 and FY2024 (ended March 31, 2024) following NSE's clarification request. The company reported total income of Rs. 2,975.44 Lakhs and a net loss of Rs. 832.56 Lakhs for FY2024, showing improvement from the previous year's loss of Rs. 11,009.02 Lakhs. The company is undergoing Corporate Insolvency Resolution Process (CIRP) under IBC, admitted by NCLT Delhi Bench on July 28, 2023, due to Canara Bank's petition over a Rs. 164.86 Crore default. The Managing Director's powers are suspended, and the company lacks a CFO and Audit Committee Chairman. The statutory auditors issued a qualified opinion citing: ongoing CIRP, substantial accumulated losses of Rs. 15,153.78 Lakhs eroding net worth, non-compliance with IND-AS 19 for employee benefits, unavailable asset registers, and unconfirmed financial asset/liability balances. The company has negative net worth of Rs. 14,794.99 Lakhs against paid-up capital of Rs. 1,603.07 Lakhs.