OCCL Limited Clarifies Financial Results, Cites No Significant Influence Over Associate
OCCL Limited clarified to NSE that it does not have significant influence over its associate, Clean Max Infinia Private Limited, despite a 48% shareholding. The associate did not commence commercial operations in FY25, thus no financial details were included. This clarification was issued following an NSE observation on March 9, 2026, concerning financial results submitted on February 4, 2026.
This is a clarification of a past filing and does not introduce new material information that would significantly impact the company's valuation or operations. It addresses a procedural query.
The announcement is a clarification regarding regulatory filings and does not contain new financial performance information or significant business updates. It addresses a query from the stock exchange, maintaining a neutral stance.
OCCL Limited has provided a clarification to the National Stock Exchange of India Limited (NSE) regarding the omission of associate details in its financial results submitted on February 4, 2026. The clarification addresses an observation raised by the NSE on March 9, 2026.
OCCL Limited holds a 48% equity stake in Clean Max Infinia Private Limited as of December 31, 2025. While this entity qualifies as an associate under Section 2(6) of the Companies Act, 2013, OCCL Limited states that it does not have significant influence over its financial and operating policies, as per Indian Accounting Standard (Ind AS) 28 – Investments in Associates and Joint Ventures. Consequently, consolidation is not required.
The company further explained that Clean Max Infinia Private Limited had not commenced commercial operations during the financial year ended March 31, 2025. As there were no operational or financial activities during the reporting period, financial details of the associate could not be included due to the unavailability of data. OCCL Limited requested that this clarification be taken on record.
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OCCL Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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