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Incorporated in 1967, CMI Ltd manufactures wires, cables, specialty cables, etc.
While undergoing the corporate insolvency resolution process, CMI Limited has approved the financial results for the quarter. The company continues to face severe operational and financial hurdles, including completely eroded net worth and an auditor's disclaimer of opinion.
CMI Limited has informed the Exchange about Corporate Insolvency Resolution Process
The company clarified an observation regarding its audit qualification statement's format. Undergoing CIRP and lacking a CFO, it was signed by a suspended director, RP, and auditor. They assured compliance with the spirit of requirements given unique circumstances. This procedural clarification doesn't affect previously disclosed financial figures.
CMI Limited has informed the Exchange about Corporate Insolvency Resolution Process
CMI's Registrar & Share Transfer Agent confirmed timely and efficient processing of dematerialized shares during the last quarter. This ensures accurate updates to member registers, reflecting routine compliance.