Sirca Paints India Limited Response to NSE Query
Date and Nature of Query
Sirca Paints India Limited received remarks from the National Stock Exchange (NSE) regarding its financial results filing for the quarter ended June 30, 2026 (Q1 FY27). The company submitted its formal response addressing the exchange's observations.
Company's Clarification on Filing Issues
Machine-Readable Format Compliance:
- The Exchange noted that the financial results were partially non-machine-readable.
- The company identified that the name of the Statutory Auditor appearing at the signature section at the bottom of relevant pages was not in machine-readable format.
- Sirca Paints acknowledged this as an "inadvertent lapse" and assured the Exchange that due care and necessary checks would be undertaken for future filings to ensure complete compliance with prescribed machine-readable format requirements.
- The company requested guidance on the appropriate process for re-filing the financial results in the prescribed format, if required.
Identical Standalone and Consolidated Figures:
- The Exchange observed identical figures reflected in both standalone and consolidated financial results.
- The company clarified that during FY 2025-26, including the quarter ended June 30, 2026, its subsidiary Sirca Industries Limited did not undertake any business activities.
- Consequently, there was no income or expenditure recorded in the subsidiary's books during this period.
- This resulted in identical figures between standalone and consolidated financial results for the quarter.
Regulatory Compliance Reference
The company confirmed that the financial results have been prepared in accordance with:
- Applicable provisions of Schedule III to the Companies Act, 2013
- Relevant Indian Accounting Standards (Ind AS)
The response was signed by Kigon Kun, Company Secretary, and Hira Kumar, Company Secretary & Compliance Officer.
Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, Subsidiary Operations, Filing Requirements