Royal India Corporation Ltd

Pursuant to the provisions of regulation 33 (3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations) Royal India Corporation Limited (RICL or the Company) is required to submit to stock exchanges its audited financial results along with the audit report for the quarter and financial year ended March 31 2023 within sixty days from the end of the financial year i.e. by May 30 2023.Despite the best efforts put in my management the Company could not close its financials within the stipulated timelines as laid down in Regulations 33 (3) (d) of SEBI (LODR) Regulations 2015. There was a technical issue in accounting software maintained by the Company and due to which audit process could not get completed on time.However going forward we will strive to ensure that the Companys Accounts will be closed within the timelines as stipulated in SEBI (LODR) Regulations 2015.