The Exchange had sought clarification from Sanco Industries Limited for the quarter ended 31-Dec-2022 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 is not as per format prescribed by SEBI -2. Consolidated Financial Results not submitted The response of the Company is enclosed.
Awaiting price reaction for this filing.
The NSE asked Sanco Industries to clarify why its financial results for the quarter ended 31 December 2022 did not follow the SEBI-prescribed format, and why consolidated financial results were not submitted. The query was raised under Regulation 33 of SEBI's Listing Obligations and Disclosure Requirements Regulations. The company has now submitted its response, which is attached to the filing. The original discrepancy appears to be a procedural/compliance shortcoming rather than a financial wrongdoing.
Reflects past lapses in timely and compliant financial disclosure, which is a mild negative on governance quality. No penalty or enforcement action has been flagged, so direct impact on the stock is likely limited, but investors may want to track whether SEBI takes any follow-up action.