This disclosure is a continuation of the company's earlier intimation dated 30.05.2026 regarding the postponement of the Board of Directors meeting under Regulation 29 of SEBI (LODR) Regulations and subsequent delay in submission of Audited Financial Results for the quarter and financial year ended 31.03.2026.
Detailed Reasons for Delay
The preparation and finalization of Audited Financial Results continue to be delayed due to ongoing labor unrest at the company's farm facility. The management has actively engaged with respective labor factions and formally requested them to set aside internal differences and cease confrontational activities. Local political leaders and community representatives have been involved in facilitating discussions and mediation efforts. Deep-rooted ideological differences between the factions have prevented realization of a peaceful and cooperative atmosphere necessary for formal negotiations and normal operations. As a result, statutory auditors have been unable to safely access, verify, and finalize the financial data required to conclude the audit processes.
Material and Financial Impact
As of the disclosure date, management estimates that this situation does not pose any material financial loss or adverse long-term impact on the financial position of the Company. The delay is entirely administrative and procedural regarding data compilation, verification and audit of financial information.
Expected Timeline for Rectification
The management is continuously monitoring developments and exploring alternative remediation channels. The company reasonably expects the situation to de-escalate and improve within the next 4 weeks. Following resolution, the financial books will be closed, audited, and a rescheduled Board Meeting will be formally intimated to the Stock Exchange in accordance with Regulation 29 of SEBI (LODR) Regulations.
Trading Window Status
In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in securities of the Company by all Designated Persons and their immediate relatives shall continue to remain closed until 48 hours after the formal declaration and dissemination of the Audited Financial Results to the stock exchange.