Reason for Delay
The delay was caused by the non-finalization of accounts of a foreign subsidiary whose financial statements are required to be consolidated with the company's financial statements in accordance with applicable accounting standards. The subsidiary's accounts for FY26 were not finalized due to ongoing closure and audit procedures at the subsidiary level.
Impact on Financial Reporting
The company could not finalize and approve consolidated financial results within the prescribed timeline because consolidated financial statements cannot be prepared without the audited financial information of the foreign subsidiary.
Company Actions Taken
The company and management of the foreign subsidiary made all possible efforts to complete the finalization and audit of the subsidiary's accounts. Upon receipt of the finalized financial statements from the foreign subsidiary, the company promptly completed the consolidation process, convened a Board of Directors meeting, and submitted the Audited Financial Results to the Exchange.
Standalone Financial Status
The company had already finalized its standalone financial statements but considered it appropriate to await finalization of the subsidiary's accounts before approving the financial results to ensure accuracy, completeness, and compliance with applicable accounting standards for presenting a true and fair view.
Company Statement
The delay is stated to be solely due to the non-finalization of the accounts of the foreign subsidiary and beyond the control of the company. The company remains committed to ensuring compliance with all applicable regulatory requirements.