We are submitting explanation for further delay in submission of financial results for the quarter and year ended on March 31, 2026
Awaiting price reaction for this filing.
The company has informed the stock exchanges that its audited financial results for the quarter and year ended 31 March 2026 could not be approved on time. The board meeting originally scheduled for 30 May 2026 was adjourned and reconvened on 2 June 2026 because the statutory audit was not yet complete and the final audit report was not available. Even at the reconvened meeting on 2 June 2026, certain audit procedures were still pending, so the board could not finalize the results. The company has stated the delay is unintentional and is caused solely by the need to complete the audit process and ensure accurate financial information. It has committed to submitting the audited results immediately after board approval once the audit is fully complete.
Shareholders face continued uncertainty as audited FY26 results remain pending, which may weigh on investor confidence and keep the stock under pressure until the numbers are disclosed. Repeated delays in financial reporting are a negative governance signal and could attract further regulatory scrutiny from BSE/NSE.