Gujarat Winding Systems Limited (BSE: 541627) has submitted revised unaudited financial results for the quarter ended June 30, 2025, addressing discrepancies identified by the Bombay Stock Exchange (BSE) in their previous submission. The company, formerly known as Hi-Tech Winding Systems Limited, operates in the winding systems industry and is listed on the BSE.

Board Meeting and Financial Results

The Board of Directors of Gujarat Winding Systems convened on August 7, 2025, to discuss and approve the corrected financial results. The meeting, which commenced at 12:00 p.m. and concluded at 01:00 p.m., addressed the following key points:

1. Approval of the unaudited financial results for the quarter ended June 30, 2025.
2. Appointment of Mr. Jitendra Parmar, a Practicing Company Secretary, as the Secretarial Auditor for the financial year 2024-25.

Rectification of Discrepancies

Following the BSE's identification of discrepancies in the initial submission, Gujarat Winding Systems took prompt action to address the issues. On August 11, 2025, Mr. Hariprasad Khetan, Director of the company, submitted a letter to the BSE confirming the rectification of the discrepancies in the financial results for the quarter ended June 30, 2025.

Limited Review Report

KM Chauhan & Associates, the company's independent auditors, conducted a limited review of the financial results. In their report, the auditors stated:

"Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards specified under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement."

This statement from the auditors provides assurance that the revised financial results are in compliance with the required accounting standards and regulations.

Compliance with SEBI Regulations

The company's actions are in line with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. By promptly addressing the discrepancies and submitting revised results, Gujarat Winding Systems demonstrates its commitment to transparency and regulatory compliance.

As the financial markets continue to monitor the performance of listed companies, this rectification by Gujarat Winding Systems underscores the importance of accurate financial reporting and the role of regulatory bodies in maintaining the integrity of financial disclosures.

Gujarat Winding Systems Limited has responded to queries from the Bombay Stock Exchange (BSE) regarding the timing of two significant corporate announcements. The company, listed under the scrip code 541627, provided clarifications on the resignation of its Company Secretary and Compliance Officer, as well as the delayed announcement of a director's demise.

Company Secretary Resignation

The company explained that the resignation of their Company Secretary and Compliance Officer was effective from May 31. However, the actual resignation letter was received on June 2. Gujarat Winding Systems promptly filed the announcement on the same day, adhering to the regulatory requirement of disclosure within 24 hours of receipt.

Director's Demise

Addressing the delay in announcing the death of Mr. Shailesh Chauhan, a director of the company, Gujarat Winding Systems clarified that while the unfortunate event occurred on April 30, the official announcement was made on June 2. The company stated that this delay was due to the necessity of obtaining the death certificate, which was received on June 2. The announcement was filed within 24 hours of receiving this crucial document.

Regulatory Compliance

Hariprasad Khetan, a director of Gujarat Winding Systems, provided these clarifications in response to the BSE's request for additional details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized its commitment to regulatory compliance and timely disclosure of material events.

Upcoming Board Meeting

In related news, Gujarat Winding Systems has scheduled a board meeting for August 7 to consider and approve the unaudited financial results for the quarter ended June 30. The company has also announced that the trading window for dealing in its equity shares by designated persons and their immediate relatives will remain closed from July 1 until 48 hours after the conclusion of the board meeting, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

These developments highlight the importance of timely and accurate corporate disclosures in maintaining transparency and regulatory compliance in the Indian stock market.