Shah Alloys Ltd. Regulatory Compliance Clarification
NSE Symbol: SHAHALLOYS
Summary of Company's Response
Shah Alloys Ltd. has provided a formal clarification to both BSE Limited and the National Stock Exchange of India Ltd. regarding issues raised about their financial results submission for the year ended 31 March 2025.
Date and Nature of Exchange Query
- Date of Communication: 05 July 2025 (company response date)
- Query Received: Email from NSE dated 01 July 2025
- Nature of Query: The exchanges raised two specific issues regarding the financial results submission:
1. The financial results were not submitted in the format prescribed by SEBI
2. The MD/CEO signature was missing from the Statement on Impact of Audit Qualifications
Company's Clarification on Trading and Financial Results
- The company clarified that it does not have any CEO or Managing Director appointed on its Board of Directors
- In the absence of a CEO/MD, the Chairman (related to Promoter) has signed the Statement of Impact of Audit Qualification for the financial results submitted for the year ended 31.03.2025
- The company further clarified that Mr. Ashok Sharmal, who signed as CFO, is also a Whole Time Director of the company
Regulatory Compliance Reference
- The communication references compliance with SEBI regulations regarding financial results submission requirements
- The company specifically addresses the requirement for proper signatories on the Statement of Impact of Audit Qualifications
Request for Guidance
- The company has requested guidance from the exchanges on whether a revised submission of the Statement of Impact of Audit Qualification is required given the change in signatories
- They have asked the exchanges to inform them if such a revised submission is necessary