Videocon Industries Limited was obliged to submit and/or publish the unaudited financial results of the Company for the quarter and year ended on March 31, 2024 along with limited review report, on or before May 30, 2024. However, as the Company is not in a position to publish the said results in a timely manner, in compliance with the SEBI circular dated November 19, 2018, the Company furnished the reasons for delay in publishing of financial results for the quarter and year ended on March 31, 2024. The Resolution Professional along with the accounts and finance team of the Company is currently exerting their utmost efforts for the finalization of the financial results for the quarters ending on June 30, 2023, September 30, 2023, December 31, 2023 and March 31, 2024. The company is committed to disseminating these statements at the earliest opportunity. However, preparation of consolidated financial results, shall take considerable time on account of the complexities involved in entire process including inter alia non- availability of the data and information from Promoters and erstwhile management in respect of different subsidiaries of the Company. It is further submitted that until and unless the financial results (standalone and
consolidated) of the Company for the quarters ended June 30, 2023, September 30, 2023 and December 31, 2023 (the "Previous Quarters") are finalised and approved, the Company would not be in a position to prepare and disseminate the financial results (standalone and consolidated) for the quarter and year ended on March 31, 2024; since the financial results of (standalone and consolidated) for the Previous Quarters is a pre- requisite to the preparation of the financial results for quarter and year ended on March 31, 2024, from an accounting standpoint. . The Company is in the process of preparation of the financial results for the Previous Quarters. It is submitted that for the aforesaid reasons, there has been a delay in publication of financial results for the quarter and year ended on March 31, 2024 and limited review report for the same.