Summary of Company's Response
Kalyani Forge Limited provided a detailed clarification to the National Stock Exchange of India Limited regarding issues related to the filing of its financial results.
Date of Communication and Nature of Query
- Date of Company Response: July 10, 2026
- Date of Exchange Query: June 25, 2026 (email regarding financial results clarification)
- The exchange sought clarification regarding the company's financial results filing.
Company's Clarification on Procedural Issues
- CFO Vacancy Impact: The company is currently in the process of appointing a Chief Financial Officer (CFO). Consequently, the Statement of Impact of Audit Qualifications could not be signed by the CFO as the position was vacant.
- Audit Committee Signature Issue: The Audit Committee meeting was conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM) and concluded in the evening, making it impossible to obtain the Chairman's signature before filing the financial results.
- Nature of Omissions: The absence of these signatures was described as "purely procedural, inadvertent, and unintentional" with no intention to deviate from regulatory requirements.
Details of Financial Results Approval and Filing Delay
- Board Approval: The financial results were duly considered and approved by the Board of Directors within the prescribed timeline with no delay in approval or finalization.
- Filing Delay Cause: The delay in submission arose from an inadvertent administrative lapse during the post-Board approval filing process.
- Company Secretary Transition: The company had remained without a Company Secretary prior to the recent appointment of the present Company Secretary, during which the compliance function was being regularized and handed over.
- Internal Communication: Although applicable timelines for submission had been communicated internally in advance, procedural and coordination-related issues in the post-approval filing process resulted in the delay.
Regulatory Compliance and Remedial Measures
- SEBI Regulation Reference: The company assures continued commitment to timely compliance with all applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Compliance Framework Strengthening: The company has strengthened its compliance framework by ensuring continuity in the secretarial function, clearly defining internal responsibilities, instituting additional compliance checks, and enhancing monitoring of statutory timelines to prevent recurrence.
- Regret and Assurance: The company sincerely regrets the inadvertent delay and assures the Stock Exchange of its commitment to compliance.