Kotyark Industries544726Regulatory penalty
Board comments on NSE and BSE fines for delayed unaudited results of June 2026 quarter
Board has commented on NSE and BSE fines for the delay in update unaudited results for the quarter ended June 30, 2026.
By ScoutQuest · · 2 min read
- Quarter ended
- June 30, 2026
- Results shared on
- September 07, 2026
- Fines paid on
- September 12, 2026
What the update says
- NSE and BSE levied fines on the company for delayed submission of the unaudited financial results for the quarter ended June 30, 2026, under Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
- The Board of Directors, at its meeting held on October 21, 2026, considered and took note of this non-compliance and the fines imposed by the exchanges.
- This letter places the Board's comments on record with the exchanges.
Why the results were late
- The erstwhile statutory auditors, M/s. Manubhai & Shah LLP, were unwilling to seek re-appointment for a second term, citing existing professional commitments and logistical constraints.
- M/s. Talati & Talati LLP was proposed as statutory auditor for the financial year 2026-27, subject to Member approval at the company's 10th Annual General Meeting held on August 22, 2026.
- The transition between the old and new auditors delayed completion of the limited review of the results, and therefore the Board meeting called to consider and approve them within the prescribed timeline.
What has since been done
- The company submitted its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the Limited Review Reports, to the exchanges on September 07, 2026.
- The fines imposed by NSE and BSE were paid on September 12, 2026.
What the Board has asked management to do
- Strengthen advance planning and coordination with the statutory auditors.
- Put in place internal monitoring mechanisms and preventive measures so that financial results are prepared, approved and submitted on time in future.
- The company has assured the exchanges that due care will be taken on regulatory timelines going forward.
How to read this
- The update is a formal explanation of a compliance lapse that has already been closed with the update of the results and payment of the fines.
- For a retail reader, the useful takeaways are the reason for the delay and the fact that the company has committed to process changes; the focus now shifts to whether future quarterly results are shared within the timeline.
Also from Kotyark Industries
Board meeting on October 28 to consider unaudited results for September quarter and half year
24 Oct 2026
Board Meeting Scheduled for October 12, 2026 Stands Cancelled
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Board meeting on October 12, 2026 to consider preferential fund raise and employee share issue
7 Oct 2026
Source: BSE · 22 Oct 2026
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