Sahasra Electronic Solutions Limited — Important, 17-01-2025: Updates

The Board of Directors was informed about a notice from the NSE regarding a 12-day delay in the submission of the cash flow statement for the period ended September 30, 2024. The delay stemmed from a misunderstanding by the auditors regarding the necessity of the cash flow statement when filing results for the first time under a limited review. The company has since submitted the required cash flow statement and highlighted the reasons for the non-preparation in accompanying notes. The Board is taking corrective measures to prevent future delays and has requested the NSE to consider waiving the related penalty of ₹60,000 plus GST, emphasizing their commitment to transparency and compliance.

The company has acknowledged and acted promptly in submitting the cash flow statement as per the latest accounting standards (Ind AS). They faced challenges due to the transition to Ind AS, which necessitated adjustments to the financial figures for previous periods. The company is now reviewing its internal processes to ensure adherence to compliance requirements moving forward.