Minal Industries Limited submitted a formal reply to BSE Limited regarding the delay in submission of financial results for the quarter and financial year ended 31st March 2026, pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015.

The company had previously intimated the exchange on 29th May 2026 about postponing the board meeting scheduled for consideration and approval of audited financial results. The postponement was attributed to unavoidable circumstances relating to finalization of accounts and other connected matters.

The primary reason for the delay was the requirement to prepare and publish consolidated financial results, which involved consolidating financial statements and information from associate entities. The company was engaged in finalization processes including reconciliation of financial records, verification of balances, review of accounting treatments, completion of audit-related procedures, and resolution of various matters connected with the consolidation process.

Additional time was required to ensure accuracy, completeness and compliance with applicable accounting standards and regulatory requirements. The delay was described as solely attributable to the ongoing process of finalization and consolidation of accounts, and not intentional or due to any omission.

The company assured the exchange that it will take all necessary steps and exercise due diligence to ensure strict adherence to SEBI (LODR) Regulations, 2015, SEBI circulars and all other applicable regulatory requirements in the future, and will make every effort to avoid recurrence of such delays.

Attachments and References

The submission includes reference to earlier intimation dated 29th May 2026 (marked as Annexure A) regarding postponement of the board meeting originally scheduled for 27th May 2026 and subsequently rescheduled to 29th May 2026.

BSE acknowledgement records show multiple submissions:

  • Acknowledgement Number 13170792: Intimation for postponement of board meeting scheduled for 29th May 2026, submitted on 29th May 2026 at 6:57:11 PM
  • Subject: Results-Delay in Financial Results, submitted on 29th May 2026 at 7:12:47 PM
  • Acknowledgement Number 13171453: Intimation of postponing of the board meeting, submitted on 29th May 2026 at 7:47:41 PM

All submissions were made by Shrikant Parikh, designated as Compliance Officer of Minal Industries Limited.