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Nalwa Sons
BSE: 532256NSE: NSILISIN: INE023A01030

3rd-Aug-2019 11:15Source: BSE

Nalwa Sons Investment - Clarification Regarding Adoption Of Indas For The First Time In Relation To The Financial Results For The Quarter Ended June 30, 2019.

In accordance with the Companies (Indian Accounting Standards) Rules, 2015, IndAS is required to be implemented by the Company for the financial year beginning April 01, 2019. Pursuant to Regulation 33(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the financial results are required to be submitted to the Stock Exchanges within 45 days from the end of each quarter.

However, in order to facilitate smooth transition during the first year of IndAS implementation, the Securities and Exchange Board of India vide its Circular No. CIR/CFD/FAC/62/2016 dated July 05, 2016 has granted an extension of one month i.e. till September 14, 2019 for submitting the financial results for the quarter ended June 30, 2019 to the listed entities.

In accordance with the above, we would like to inform you that the Company shall be submitting the financial results for the quarter ended June 30, 2019 on or before September 14, 2019.

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