SGL Resources has announced a delay in submitting its unaudited financial results for the quarter ended June 30. The company, which operates in the real estate sector, attributes this delay to pending finalization of its annual financial statements for the previous fiscal year.

Reasons for Delay

The delay in quarterly results stems from a series of events that unfolded in early September:

1. On September 4, SGL Resources disclosed its financial results for the quarter and year ended March.
2. On the same day, the company's statutory auditor resigned.
3. Effective September 5, M/s Ram Chandak & Associates was appointed as the new statutory auditor to fill the casual vacancy.

Current Status and Assurances

SGL Resources has informed the BSE that the audit process for the June quarterly results is currently underway. The company has emphasized that the delay is procedural in nature and has assured stakeholders that it will submit the results as soon as possible.

Upcoming Board Meeting

In a separate announcement, SGL Resources has scheduled a Board of Directors meeting for Friday, September 19. The meeting agenda includes:

1. Consideration and approval of unaudited standalone and consolidated financial results for the quarter ended June 30.
2. Any other business with the permission of the chair.

Annual General Meeting and Book Closure

The company has also announced its 33rd Annual General Meeting (AGM) details:

• Date: Tuesday, September 30
• Time: 03:00 P.M. IST
• Mode: Video Conferencing (VC) or Other Audiovisual Means (OAVM)

In preparation for the AGM, SGL Resources has declared a book closure period from Wednesday, September 24, to Tuesday, September 30 (both days inclusive). The cut-off date for remote e-voting eligibility has been set as Friday, September 19.

Company Information

SGL Resources, with the CIN L22219GJ1992PLC017073, has its registered and corporate office at 506, Fifth Floor, Venus Atlantis, 100 Ft Road, Near Shell Petrol Pump, Prahlad Nagar, Ahmedabad, Gujarat, India - 380015.

Investors and stakeholders are advised to keep an eye on further announcements from the company regarding the submission of its delayed quarterly results and the outcomes of the upcoming board meeting and AGM.

SGL Resources Limited has announced a significant business development, securing a purchase order worth ₹17.46 crore from a leading software solution company. The order encompasses the supply of various software and designing services, marking a notable achievement for the company in the technology sector.

Order Details

The purchase order, valued at ₹17,464,000.00 (inclusive of applicable taxes), includes the following components:

• Software products
• System design services
• Data migration
• Related technical deliverables

Contract Execution and Timeline

According to the company's filing with the BSE, the contract will be executed in tranches, with a completion deadline set for August 31, 2025. This phased approach allows for a structured implementation of the services over the next two years.

Client and Transaction Nature

While the specific client name has not been disclosed, SGL Resources has confirmed that the order is from a domestic entity. The company has also clarified that this transaction does not involve any promoter group interest or related party transactions, ensuring transparency in its business dealings.

Company Compliance and Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, SGL Resources promptly informed the BSE about this significant order. The disclosure was made in accordance with SEBI guidelines, demonstrating the company's commitment to regulatory compliance and shareholder transparency.

Management Statement

Kantilal Ladani, Whole-Time Director & CFO of SGL Resources Limited, signed off on the regulatory filing, underlining the importance of this order to the company's business operations.

This new contract represents a positive development for SGL Resources Limited, potentially contributing to its revenue stream and market position in the software and design services sector. Investors and market watchers may view this as an indicator of the company's growing presence in the technology solutions market.