Modi Rubber Limited responds to NSE query regarding inclusion of unaudited results from one joint venture and one associate in its consolidated financial results for Q2/H1 FY2025.
Auditor P NAM & Co. LLP confirms the joint venture contributed ₹105.39 lakhs profit and associate contributed ₹209.47 lakhs profit for quarter/half-year ended September 30, 2024.
Auditor states these unaudited results were deemed immaterial to the group and relied upon management certification in accordance with SEBI LODR Regulation 33 requirements.
Company requests no adverse action be taken as it provides clarification from auditor regarding compliance with regulatory financial reporting standards.