Reasons for Delay
The company cited three primary reasons for the delay in submitting the financial results:
1. Technical Integration Issues: The company experienced significant technical challenges with the integration between its ERP software and financial Tally system. As mentioned in the March 2026 Audit Report, this integration created technical snags in the server system, resulting in mismatched opening balances. Each individual entry needed to be identified and corrected manually, which was time-consuming.
2. Staff Resignation: The company's accountant resigned in May 2026, coinciding with the period when financial preparations for the quarter were underway.
3. Extended Financial Preparation: The combination of technical issues and staff changes required additional time to complete necessary financial adjustments, accounting entries, and bookkeeping procedures. This process required consultation with the company's Statutory Auditors before finalization of the financial results.
Technical Support History
The document includes a composite report of technical support tickets dated 02/09/2026 at 15:46 HRS, showing ongoing technical issues:
- 15/05/2026: Difference in opening balances in Trial Balance report required importing or syncing of ledger opening balances
- 24/06/2026: Stock Summary displayed negative balance in Chennai godown due to incorrect godowns or batches selected in Stock Item Allocations
- 11/08/2026: Compound Unit containing UOM could not be altered when used in transactions, showing "Cannot Decrease Number of Decimals for 'Unit'" error
- 22/08/2026: Memory Access Violation Manager.900 file issue (stores all masters) with file size showing 1 KB
Company Response
The company expressed regret for the delay and any inconvenience caused, assuring commitment to ensure timely compliance with all applicable regulatory requirements in the future.