The Exchange had sought clarification from Williamson Magor & Company Limited for the quarter ended 31-Dec-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. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013. The response of the Company is enclosed.
WILLAMAGOR · price
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NSE had asked Williamson Magor to explain why its standalone and consolidated unaudited financial results for the quarter ended 31-Dec-2024 appeared nearly identical. The company clarified that the only difference between the two sets of numbers is the share of profit/(loss) from associates and joint ventures accounted under the equity method, which was correctly captured in the XBRL filing. Profit before tax is identical at ₹672.79 lakhs for the quarter, while the consolidated total profit is marginally lower at ₹574.529 lakhs versus ₹574.53 lakhs standalone (a difference of just ₹0.001 lakhs). Year-to-date, the company posted a large loss of around ₹19,679 lakhs, reflecting deep financial stress. The company has requested the exchange to treat the matter as concluded.
This is a routine format-related clarification and not a penalty or adverse action. The negligible difference between standalone and consolidated numbers is normal for this company given minimal associate/JV exposure. However, the substantial year-to-date loss of ~₹197 crore highlights ongoing financial weakness, which remains the key concern for shareholders.