Summary of Regulatory Compliance Clarification
This document is a clarification submitted by Davangere Sugar Company Limited to the National Stock Exchange of India Limited (NSE) on July 03, 2026.
Nature of the Query
The communication is in response to an observation from the NSE regarding a deficiency in the 'Outcome of the Board Meeting – Financial Results' submission made by the company on May 29, 2026. The exchange noted that the company had not submitted a required 'Declaration on Unmodified Opinion' alongside its audit report.
Company’s Clarification
The company clarifies that the non-submission of the separate declaration was purely inadvertent and occurred due to an oversight at the time of filing. It states there was no intention to withhold information and the omission was unintentional.
The company further explains that while the separate document was not attached, it had duly selected and disclosed the 'Declaration of Unmodified Opinion' within its Integrated Financial Results XBRL filing submitted to the exchange. Therefore, the disclosure regarding the statutory auditors issuing an unmodified opinion was already captured in that submission.
Details of Financial Results Clarification
The enclosed declaration, dated May 29, 2026, and signed by Chief Financial Officer Parmeshwarappa Onkarappa, confirms that the statutory auditor of the company, M/s DGMS & Co., issued an audit report with an Unmodified Opinion on the annual audited standalone financial results for the year ended March 31, 2026. Consequently, a statement on the impact of an audit qualification is not required.
Sentiment & Topic Tags
Topics: Regulatory Response, Compliance, Financial Results, SEBI LODR, Audit Opinion