The Exchange had sought clarification from Gangotri Textiles 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. 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.
NSE had asked Gangotri Textiles to clarify why its Limited Review Report for the quarter ended 31-March-2025 was not in the SEBI-prescribed format under Regulation 33. The company has now submitted a revised Auditor's Report prepared by M/s Mohanraj & Sankar, Chartered Accountants, which follows the standard SEBI format. The revised report carries an unqualified opinion, stating that the standalone financial results present a true and fair view of the company's net profit/loss for Q4 FY25 and the full financial year 2024-25. The original audit report was dated 12-May-2025 (signed by T. Mohanraj, Membership No. 020626). No changes to the underlying financial numbers are indicated in this filing — the correction relates only to the format and disclosures in the audit report.
This is a routine compliance fix and not a financial red flag. The underlying results and auditor's opinion remain unchanged (clean/unqualified), so the impact on shareholders or the stock is likely neutral. However, repeated format non-compliance with SEBI listing rules is a minor governance negative worth noting.