Clarification11 Sept 2026, 01:16 pm
Ind Agiv Commerce Explains Delay in Q1 FY27 Financial Results Submission
AI Summary
Ind Agiv Commerce Ltd has provided a clarification to the stock exchange regarding the delay in submitting its Unaudited Financial Results for the quarter ended June 30, 2026. The company cited technical issues with ERP software integration with its Tally system, leading to mismatched opening balances that required manual correction. Additionally, the resignation of an accountant in May 2026 contributed to the delay. The company has been working with its statutory auditors to finalize the adjustments and bookkeeping. Ind Agiv Commerce Ltd has apologized for the inconvenience and assured future compliance.
Key Highlights
- Delay in Q1 FY27 financial results submission attributed to technical and accounting issues.
- ERP-Tally integration problems and accountant resignation caused the delay.
- Company is working with auditors to finalize financial adjustments.
- Ind Agiv Commerce Ltd apologizes and commits to future timely compliance.
Price Impact
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