Financial Analyst Summary: Regulatory Compliance Clarification
Summary of Company's Response
Madhav Marbles and Granites Limited has provided a formal clarification to the National Stock Exchange of India Limited (NSE) regarding a query on its submitted financial results documentation.
Date of Communication and Nature of Query
- Date of Company's Response: July 2, 2026
- Query from NSE: The exchange sought clarification because the "Statement of Impact of Audit Qualifications in case of modified opinion(s)/ Declaration of unmodified opinion" submitted by the company was not in the prescribed format. The specific issue was the absence of the Audit Committee Chairman's signature on the statement.
Company’s Clarification
- The company clarified that the statement was, in fact, duly signed by Mr. Devendra Manchanda.
- Mr. Manchanda holds the dual positions of Chairman of the Board and Chairman of the Audit Committee.
- The omission of the specific words "Audit Committee" from his designation on the document was attributed to an "inadvertent clerical error".
- The company emphasized that there has been "no change in the signatory or the authority" under which the statement was signed, confirming its validity.
Reference to Regulatory Compliance
The communication is a direct response to a compliance query from the NSE. The subject matter pertains to adherence to SEBI's prescribed formats for financial result disclosures, implicitly falling under the purview of regulations such as Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.
Details of Financial Results Clarification
The document does not discuss or provide any clarification on the actual financial results, numbers, or performance of the company. The entire communication is focused solely on rectifying the procedural error in the accompanying statement's format.