Date: October 22, 2026

Board Meeting Outcomes

The Board of Directors of Kotyark Industries Limited, at its meeting held on October 21, 2026, considered and took note of the non-compliance and fines imposed by the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).

Regulatory Compliance Disclosure

  • The Company received communications from NSE and BSE on September 11, 2026, regarding imposition of fines for delayed submission of unaudited financial results for the quarter ended June 30, 2026 (Q1 FY2027)
  • The delay was in violation of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • The delay arose due to the unwillingness of erstwhile Statutory Auditors, M/s. Manubhai & Shah LLP, to seek re-appointment for a second term owing to their existing professional commitments and logistical constraints
  • The appointment of M/s. Talati & Talati LLP as Statutory Auditors for FY 2026-27 was proposed, subject to approval of members at the 10th Annual General Meeting held on August 22, 2026
  • The transition between auditors resulted in delay in completing the limited review of financial results and convening the Board Meeting within the prescribed timeline
  • The Company subsequently submitted its unaudited standalone and consolidated financial results for quarter ended June 30, 2026, along with Limited Review Reports, to the Stock Exchanges on September 07, 2026
  • The Company paid the fines imposed by NSE and BSE on September 12, 2026

Board Resolution and Future Measures

  • The Board expressed concern regarding the delay in compliance with the prescribed regulatory timeline
  • The Board emphasized the importance of timely compliance with applicable provisions of SEBI Listing Regulations
  • The Board advised management to strengthen advance planning and coordination with Statutory Auditors
  • The Board directed establishment of appropriate internal monitoring mechanisms
  • The Company assured the Stock Exchanges that due care shall be taken to ensure timely compliance with applicable regulatory requirements going forward

Other Sections

Financial Results: Not specified in this disclosure

Dividend Declaration: Not specified in this disclosure

KMP / Board / Auditor Changes: Not specified in this disclosure

Auditor's Report: Not specified in this disclosure

Disinvestment / Strategic Actions: Not specified in this disclosure

Media Release / Investor Communication: Not specified in this disclosure