Espire Hospitality Limited has formally requested an extension from BSE Limited for the submission of its audited financial statements for the financial year ended 31 March 2026. The original submission deadline was stipulated by SEBI Regulation 33(1)(d).
The company has requested an extension until 10th June, 2026 due to operational challenges that delayed the financial closing and audit process.
Reasons for Delay
- Transition of accounting systems at certain locations to a new ERP platform, requiring extensive data verification, validation, reconciliation, and review of location-wise accounting records, ledger balances, and supporting documentation.
- Delay in receiving balance confirmations and related information from certain external business partners, which are required for audit completion.
- Temporary movement and rotation of finance and operational personnel across locations due to the opening of new hotel properties during the year, impacting the timely preparation of year-end schedules, reconciliations, audit documentation, and responses to audit queries.
Current Status and Commitment
The management and auditors are working diligently to complete all pending procedures. The company assures that every effort is being made to ensure submission within the requested extended period of 10th June, 2026.
The communication was signed by Sumeer Narain Mathur, Company Secretary and Compliance Officer (Membership Number: FCS9042), on behalf of Espire Hospitality Limited.