Rohit AgrawalRohit Agrawal asked 6 months ago
1 Answers
RaviRavi Staff answered 6 months ago

You can consider it little out of course, LODR says quarterly financial statements can either be audited or reviewed, so it gives option to listed companies. 
Further when such reviewed financial statements are published in news papers it is called unaudited to avoid confusion.
Below is relevant text from LODR
(3)The listed entity shall submit the financial results in the following manner:
(a) The listed entity shall submit quarterly and year-to-date standalone financial results to the stock exchange within forty-five days of end of each quarter, other than the last quarter.

(b) In case the listed entity has subsidiaries, in addition to the requirement at clause
(a) of sub-regulation (3), the listed entity 59[shall] also submit quarterly/year-to date consolidated financial results.
(c) The quarterly and year-to-date financial results may be either audited or unaudited subject to the following:
(i) In case the listed entity opts to submit unaudited financial results, they shall be subject to limited review by the statutory auditors of the listed entity and shall be accompanied by the limited review report.
Provided that in case of public sector undertakings this limited review may be undertaken by any practicing Chartered Accountant.
(ii) In case the listed entity opts to submit audited financial results, they shall be accompanied by the audit report.
(d) The listed entity shall submit [annual]62 audited standalone financial results for the financial year, within sixty days from the end of the financial year along with the audit report and [Statement on Impact of Audit Qualifications (applicable only] for audit report with modified opinion):
Provided that if the listed entity has subsidiaries, it shall, while submitting annual audited standalone financial results also submit annual audited consolidated financial results along with the audit report and [Statement on Impact of Audit Qualifications (applicable only] for audit report with modified opinion)
[Provided further that, in case of audit reports with unmodified opinion(s), the listed entity shall furnish a declaration to that effect to the Stock Exchange(s) while publishing the annual audited financial results.]

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