Financial Analyst Summary: Finolex Industries Limited Regulatory Response
Summary of Company's Response
Finolex Industries Limited provided a formal clarification to the National Stock Exchange of India Limited (NSE) regarding a discrepancy identified in its financial results filing for the quarter and year ended March 31, 2026.
Date and Nature of Exchange Query
- Date of Communication: June 30, 2026
- Reference: Email from NSE dated June 25, 2026
- Nature of Query: The exchange queried a discrepancy in the Consolidated Earnings Per Share (EPS) figures between the PDF and XBRL filings submitted by the company on May 26, 2026. Specifically, the Diluted EPS was not disclosed in the XBRL submission.
Company's Clarification on Financial Results
- The company clarified that the error was purely clerical/typographical in nature.
- In the Consolidated XBRL utility, the EPS figures were inadvertently entered under the field "Earnings per equity share for discontinued operations" instead of the correct field "Earnings per equity share for continuing operations."
- The company confirmed that the EPS figures disclosed in the PDF version of the financial results are correct and accurate.
- The error does not affect the financial results approved by the Board of Directors.
- The PDF version of the financial results, which form part of the duly approved financial statements, accurately represent the EPS from continuing operations.