Company Response to NSE Query on Financial Results
Precot Limited has formally responded to a clarification sought by the National Stock Exchange of India Ltd regarding its financial results for the quarter ended June 30, 2026. The company addressed two specific discrepancies noted by the exchange and provided detailed explanations for each point.
Date and Nature of Query
- Query Date: August 19, 2026 (email from NSE)
- Subject: Clarification regarding financial results for the quarter ended June 30, 2026
- Response Date: September 7, 2026
Company's Clarification on Trading Volume and Financial Results
1. Discrepancy in EPS Figures (XBRL vs PDF)
The company acknowledged a discrepancy in Earnings Per Share (EPS) figures between the XBRL filing and the PDF version of the financial results.
- Nature of Issue: Inadvertent error in XBRL filing
- Action Taken: The company has rectified the error and submitted a revised XBRL filing with correct EPS figures that now match the PDF financial results exactly.
2. Identical Figures in Standalone and Consolidated Results
The company explained why the standalone and consolidated financial results show identical figures:
- Reason: Consolidation of a partnership entity in which Precot Limited holds 99.88% of the capital
- Accounting Standard: Consolidated in accordance with applicable Ind AS requirements
- Entity Characteristics: The partnership entity does not carry out any business or operational activities and primarily holds Land and Building assets
- Financial Impact: The consolidation has no impact on the Statement of Profit and Loss, resulting in identical figures between standalone and consolidated results
- Confirmation: The company confirmed this does not represent any error or deviation in financial preparation
Regulatory Compliance Reference
The response implicitly addresses compliance with SEBI Listing Obligations and Disclosure Requirements through:
- Timely response to exchange query (19-day response time)
- Rectification of filing errors
- Detailed explanation of accounting treatment
- Digital signature by authorized company representative (Company Secretary)
Financial Results Clarification Details
The clarification provides specific insights into the company's financial reporting:
- The consolidated entity is purely asset-holding with no operational impact
- Ownership stake: 99.88% of partnership capital
- Asset composition: Primarily Land and Building
- No business activities conducted by the consolidated entity