Bondada Engineering Adopts Quarterly Results Practice and Ind-AS Standards
Bondada Engineering announced significant improvements to its financial reporting practices. The company will begin publishing quarterly financial results from Q3 FY25 and has adopted Indian Accounting Standards (Ind-AS) from the current financial year. These changes aim to enhance transparency, improve stakeholder communication, and align with global accounting standards. The initiatives are part of the company's efforts to strengthen corporate governance and disclosure standards following its migration to the Main Board.
*this image is generated using AI for illustrative purposes only.
Bondada Engineering has announced significant enhancements to its financial reporting practices, demonstrating the company's commitment to improved transparency and stakeholder communication. The infrastructure development company informed the BSE about its decision to adopt quarterly financial results reporting alongside the implementation of Indian Accounting Standards.
Quarterly Financial Results Initiative
The company has decided to adopt the practice of declaring and publishing quarterly financial results on a regular basis, with implementation beginning from Quarter 3 of FY25. This strategic decision represents a significant step toward enhanced financial disclosure and more frequent communication with stakeholders.
| Initiative Details | Specifications |
|---|---|
| Reporting Frequency | Quarterly basis |
| Implementation Date | Quarter 3, FY25 |
| Regulatory Framework | SEBI (LODR) Regulations, 2015 |
| Communication Target | All stakeholders |
Adoption of Indian Accounting Standards
Bondada Engineering has simultaneously adopted Ind-AS (Indian Accounting Standards) with effect from the current financial year. This transition aligns with the company's migration to the Main Board and represents a significant upgrade in its accounting and reporting framework.
The adoption of Ind-AS brings several key advantages:
- Enhanced transparency in financial reporting
- Improved consistency across financial statements
- Better comparability with industry peers
- Alignment with globally accepted accounting standards
- Strengthened compliance framework
Corporate Governance Enhancement
The management has positioned these decisions as part of ongoing efforts to strengthen corporate governance practices and enhance disclosure standards. The initiative aims to provide stakeholders with a clear and comprehensive view of the company's financial performance and position.
| Governance Improvements | Benefits |
|---|---|
| Enhanced Disclosure | Regular quarterly updates |
| Transparency Standards | Ind-AS compliance |
| Stakeholder Communication | Timely financial information |
| Reporting Framework | Global standard alignment |
Strategic Focus Areas
Bondada Engineering continues to maintain its focus on sustaining growth momentum through disciplined execution and operational excellence. The company emphasizes its commitment to innovation and a strong customer-centric approach while maintaining robust financial and governance frameworks.
The announcement, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscores the company's proactive approach to regulatory compliance and stakeholder engagement. These initiatives position Bondada Engineering for enhanced market credibility and improved investor confidence through systematic and transparent financial reporting practices.
Historical Stock Returns for Bondada Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.24% | +0.83% | -1.55% | -15.97% | -39.09% | +1,134.79% |
20
