Regulatory Response Clarification
Date of Communication: 7th July 2025
Nature of Query: The National Stock Exchange of India Ltd raised observations regarding the financial results of Lypsa Gems submitted to the Exchange on 29-May-2025.
Company's Clarification on Financial Results:
- The subsidiary company was dissolved with effect from 29-March-2024
- The company received official notification from the authority regarding the dissolution on 15-January-2025
- Accordingly, the company had submitted consolidated financial statements for the quarters ended June 2024 and September 2024
- Since the subsidiary was dissolved as of 29-March-2024, there were no transactions or operations under the subsidiary thereafter
- For the current reporting period, the standalone and consolidated financial figures are identical
Auditor Confirmation: The statutory auditor has confirmed the identical nature of standalone and consolidated figures in the Audit/review report submitted on 29/05/2025.
Regulatory Compliance: The communication represents the company's response to exchange observations regarding financial results disclosure.
Topic Tags: Regulatory Response, Financial Results Clarification, Subsidiary Dissolution, Compliance