Clause 41 deals with preparation and submission of Financial Results. The Company has to disclose its quarterly and yearly results in the following manner:-

The Company has an option to submit audited or unaudited quarterly and year to date financial results within 45 days of the end of each quarter (other than the last quarter). If the Company opts to submit unaudited results it shall be subject to Limited Review by the Statutory Auditors of the Company and the Limited Review Report shall be furnished to the Stock Exchange within 45 days from the end of quarter. If the Company opts to submit audited results it shall be accompanied with audit report.

The Company shall submit Audited Financial Results for the entire financial year, within 60 days of the end of financial year. The Company shall also submit the audited financial results in respect of last quarter along with the results of the entire financial year along with the note that the figures of the last quarter are the balancing figures between the Audited Figures of the full financial year and the published year to date figures upto the third quarter of the current financial year.

It means now the Company has to mandatorily submit Audited Results for the last quarter along with the results of Entire Financial year together within 60 days of the end of financial year.

As a part of audited or unaudited financial results for every half year the Company shall also submit by way of note a Statement of Assets and Liabilities

The results as above are to be submitted within 15 days of the Board Meeting to the Stock Exchange.

The Company shall give prior intimation about the Date and Time and Purpose of the meeting in which the financial results will be considered to the Stock Exchange at least 7 clear days prior to the meeting. The Company shall simultaneously issue a public notice in at least 2 daily news papers (one in English daily and one in regional language daily).

The Company shall within 48 hours of conclusion of the Board or Committee meeting at which the Financial Results were approved, publish a copy of the financial results which were submitted to the Stock Exchange in atleast one in English daily and one in regional language daily.