Key Developments
- Board meeting scheduled for May 29, 2026 has been cancelled due to pending completion of audit and financial closure process.
- The company will not be able to submit its Audited Standalone and Consolidated Financial Results by the regulatory deadline of May 30, 2026.
- A revised board meeting date will be determined upon completion of pending audit and review procedures.
Reasons for Delay
The delay is attributed to:
- Enforcement Directorate ("Agency") initiated proceedings including search proceedings conducted at the corporate office premises in April 2026
- Additional information requests from the Enforcement Directorate
- Extensive management review, verification, reconciliation and compilation procedures required for secretarial, financial and transactional records
- Substantial management bandwidth, finance team resources, Key Managerial Personnel and compliance officials engaged in compilation, verification, and review of records
- Coordination with lawyers, advisors and stakeholders to furnish information/details sought by authorities
Trading Window Status
- Trading window already closed since April 01, 2026
- Will remain closed for all Designated Persons and their immediate relatives until 48 hours after declaration and dissemination of Audited Standalone and Consolidated Financial Results
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and Company's Code of Conduct
Financial Impact
Financial impact not quantified in the disclosure. The delay affects the timely submission of audited financial results but no specific financial consequences are detailed.