UFO Moviez India Limited Regulatory Compliance Response
Summary of Company's Response
UFO Moviez India Limited submitted a formal response to the National Stock Exchange of India Limited regarding a query about discrepancies in their financial results filing for the quarter ended June 30, 2026 (Q1 FY2027).
Date and Nature of Exchange Query
- Query Date: August 20, 2026
- Nature of Query: The NSE sought clarification regarding "Financial results submitted in XBRL with discrepancies - Total Income in XBRL & PDF not matching."
Company's Clarification on Financial Results
The company provided a detailed explanation for the apparent discrepancy:
- Historical Presentation Practice: The company has historically presented EBITDA separately, with Finance Income disclosed distinctly on the face of the Statement of Profit and Loss rather than being grouped under "Other Income."
- Rationale: This presentation method provides a clearer and more detailed view of financial performance and helps stakeholders understand income sources and the impact of financing activities.
- Format Limitations: The XBRL (Extensible Business Reporting Language) format follows a predefined taxonomy that does not provide for separate classification of Finance Income, instead including it under the broader heading of "Other Income."
- Data Consistency: The company confirmed that despite the presentation difference, the underlying financial data is consistent and accurate across both the published PDF and XBRL formats.
Regulatory Compliance Reference
The company cited compliance with the Guidance Note on Division II – Ind AS Schedule III of the Companies Act, 2013, stating that their disclosure practices are in line with these regulations.