Jaiprakash Associates Ltd (JAL) is utilizing a 120-day period for submitting its financial results for the year ended March 31, 2026. This follows an inquiry from the National Stock Exchange (NSE) on June 01, 2026, regarding the non-submission of these results.
What just happened
The company management informed the NSE that it is leveraging Regulation 33(3)(d) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This regulation permits a 120-day window to disclose annual audited financial results from the end of the financial year, a deviation from the standard 60-day deadline.
Why this matters
This clarification is crucial for investors as it addresses compliance timelines during the company’s Corporate Insolvency…