Summary of Communication
Divgi TorqTransfer Systems Limited provided a point-wise reply to clarification queries raised by the National Stock Exchange of India Limited (NSE) via emails dated July 01, 2025, July 08, 2025, July 09, 2025, and July 11, 2025. The communication, dated July 11, 2025, addresses issues related to the submission of its financial results.
Nature of NSE Query
The exchange sought clarification on two specific issues concerning the company's financial results for the quarter and year ended March 31, 2025:
1. A discrepancy was identified in the Profit After Tax (PAT) figures between the XBRL filing and the PDF version of the financial results.
2. The company had not submitted a required declaration in the case of an unmodified audit opinion.
Company’s Clarification on Financial Results
- Query 1 - PAT Discrepancy: The company acknowledged the mismatch in PAT figures. It resolved the issue by resubmitting a revised Integrated Filing – Financials in XBRL format on July 11, 2025. The filing contained corrections to the mismatched PAT figures.
- Query 2 - Unmodified Opinion Declaration: The company clarified that its Statutory Auditors had already issued an Auditor's Report with an unmodified opinion on the Audited Financial Results. This report was uploaded as part of the outcome of the Board Meeting held on May 30, 2025. Consequently, the company stated that a 'Statement of impact of Audit qualification' was not required. A separate declaration confirming the unmodified opinion was filed in PDF format as requested by the NSE.
Reference to Regulatory Compliance
The company's response and the attached declaration were made pursuant to Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations). The declaration explicitly references this regulation to affirm compliance.