Company Response to NSE Query on Financial Results

Date and Nature of Exchange Communication

  • The company received an email from the National Stock Exchange of India Limited dated September 11, 2025
  • The query sought clarification on the Financial Results (XBRL) submitted for the quarter ended June 30, 2025

Company's Clarification on Operations and Financial Position

  • The company confirmed that consequent to the settlement of debt by Assets Care and Reconstruction Enterprise Limited (ACRE), the secured creditor, there are no other remaining fixed assets or revenue-generating business left with the company
  • Based on audit findings, the company's accounts can no longer be drawn on a going concern basis since the quarter ended June 30, 2024
  • Financial statements have been prepared on a non-going concern basis with discontinued business operations since June 2024 quarter
  • Due to discontinued business operations, segment details of the company have not been submitted
  • The company has submitted revised XBRL filing for the quarter ended June 30, 2025 specifically in relation to EPS calculations

Regulatory Compliance Reference

  • The communication represents the company's formal response to regulatory inquiry regarding financial reporting compliance
  • The submission aligns with SEBI Listing Obligations and Disclosure Requirements for timely disclosure of material developments

Topic Tags: Regulatory Response, Financial Results Clarification, Discontinued Operations, Debt Settlement, Compliance