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HMT says can't submit Q1 results on time

Press Trust of India  |  New Delhi 

Ltd has expressed its inability to submit for the June quarter on time and requested markets regulator 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 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," said in a regulatory filing to the

The company said it will, therefore, not be in a position to comply with the regulation 33(3) of the (LODR), 2015.

A listed entity has to submit quarterly and year-to-date standalone financial to the stock exchange within 45 days of the end of each quarter, in terms of regulation 33 (3) of the listing obligations and disclosure requirements regulations (LODR), 2015.

"We, therefore, request you kindly not to initiate any coercive action for non-compliance," Ltd said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 07 2017. 16:48 IST