HMT Ltd has expressed its inability to submit results for the June quarter on time and requested markets regulator Sebi not to initiate any "coercive action" for non-compliance with listing obligations and disclosure requirements.
The Bengaluru-based firm manufactures tractors and food processing machinery.
"... Our annual financial results for the financial year 2016-17 are not finalised and we are unable to arrive at the opening balances which are required for preparation of first quarter financial results," HMT said in a regulatory filing to the BSE.
The company said it will, therefore, not be in a position to comply with the regulation 33(3) of the Sebi (LODR), 2015.
A listed entity has to submit quarterly and year-to-date standalone financial results to the stock exchange within 45 days of the end of each quarter, in terms of regulation 33 (3) of the Sebi listing obligations and disclosure requirements regulations (LODR), 2015.
"We, therefore, request you kindly not to initiate any coercive action for non-compliance," HMT Ltd said.
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