The Exchange had sought clarification from Wonder Electricals Limited for the quarter ended 30-Sep-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. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standard -2. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI The response of the Company is enclosed.
WEL · price
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NSE had flagged two issues with Wonder Electricals' Q2 FY26 results filed under Regulation 33 of SEBI LODR. First, the Limited Review Report for Standalone and Consolidated financials carried the same UDIN, which is a procedural violation. Second, the Standalone and Consolidated figures were identical, raising format concerns. The company clarified that the same-UDIN error was an inadvertent oversight and has since generated a separate UDIN for the Consolidated report. On the identical figures, the company explained that it incorporated a 51%-owned subsidiary LLP, "Integrated Motion & Control LLP," on 2 April 2025 for manufacturing PCB cards, but the LLP had not commenced operations as of 30 September 2025. Since the subsidiary had no business activity or financials, there were no consolidation adjustments, making both sets of numbers identical by default. The company has assured the exchange of better compliance going forward.
This is a procedural/formatting clarification rather than a financial red flag. Shareholders should note the new subsidiary LLP (Integrated Motion & Control LLP) is pre-operational, so consolidated results currently mirror standalone results. No penalty, action, or restatement of numbers has been imposed, and the underlying financials remain unchanged.