NSEReply to Clarification- Financial results10 Aug 2026 · 10 Aug 2026, 11:04 am
Reply to Clarification- Financial results
CMI Limited · CMICABLES
✦ AI SummaryInsolvency
CMI Limited replied to the Exchange's clarification regarding Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended 31-Mar-2025. The Company is undergoing Corporate Insolvency Resolution Process (CIRP) and has submitted the Statement of Impact of Audit Qualifications with signatures from the Resolution Professional and the Statutory Auditor.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern8/10
Regulatory Risk9/10
Balance Sheet Risk8/10
Liquidity Impact4/10
Market Sentiment5/10
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Full Announcement
The Exchange had sought clarification from CMI Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
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CMI/CS/2026-27/ July 29, 2026
BSE Corporate Compliance & Listing Centre Listing Department
BSE Limited National Stock Exchange of India
Phiroze Jeejeebhoy Towers, Dalal Street, 'Exchange Plaza', Bandra Kurla Complex,
MUMBAI-400001 MUMBAI-400051
BSE Scrip Code: 517330/ NSE Scrip Code: CMICABLES
Sub: Reply to Observation regarding Statement of Impact of Audit Qualifications
Sir/Madam,
With reference to the observation that the Statement of Impact of Audit Qualifications
has not been submitted in the format prescribed by SEBI, we wish to submit the
following:
The Company is presently undergoing the Corporate Insolvency Resolution Process
("CIRP") pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016.
Consequent upon commencement of CIRP, the powers of the Board of Directors stand
suspended and are exercised by the Resolution Professional.
The prescribed format of the Statement of Impact of Audit Qualifications requires
signatures of the Managing Director/Chief Executive Officer, Chief Financial Officer and
Audit Committee Chairman. However, the Company does not have a Chief Financial
Officer. Further, considering the ongoing CIRP, the Statement has been signed by Mr.
Amit Jain, Suspended Director, upon the authorization of the Resolution Professional.
The Statement has also been countersigned by the Resolution Professional along with
the Statutory Auditor to authenticate the disclosure.
Accordingly, the Company has complied with the spirit of the SEBI requirement to the
extent possible, considering the unique circumstances arising out of the CIRP.
We request you to kindly take the above on record.
Thanking you,
For CMI LIMITED
TANYA
COMPANY SECRETARY