Jay Jalaram Technologies issues clarification on consolidated PAT discrepancy for FY25

NOOR MOHMMED

    18/Jul/2025

  • Jay Jalaram Technologies identified a rounding error in the PAT figure in its XBRL filing for FY25.

  • The PDF version of audited consolidated financial results remains accurate and unchanged.

  • The company assures stricter diligence in future disclosures to avoid such mismatches.

Ahmedabad, July 15, 2025 — Jay Jalaram Technologies Limited (NSE Symbol: KORE, ISIN: INE0J6801010) has issued a clarification regarding a minor inconsistency observed in its consolidated Profit After Tax (PAT) figure for the financial year ended March 31, 2025.

In response to a query from the National Stock Exchange of India, the company acknowledged a rounding-off discrepancy in the consolidated XBRL submission that led to a mismatch between the figures presented in the XBRL format and the accurate data in the PDF version of the consolidated audited financial results.


No Impact on Financial Integrity

The Company has reassured stakeholders that all other financial data, including those submitted in PDF format as part of the outcome of the Board Meeting, along with both standalone and consolidated figures, remain unchanged and consistent with the revised XBRL submission.

This isolated discrepancy does not affect the accuracy, reliability, or validity of the company’s reported financial performance.


Enhanced Diligence Going Forward

In its official statement, Jay Jalaram Technologies stated:

"We regret the inconvenience caused and affirm our commitment to accuracy and regulatory compliance. Enhanced diligence will be applied to all future filings to avoid such inadvertent errors."

The clarification was issued and signed by Mukesh Prajapat, Company Secretary & Compliance Officer, who also holds Membership No. A39443.


About Jay Jalaram Technologies Ltd

Founded in 2012, Jay Jalaram Technologies Limited operates under the consumer-facing brand KORE Mobiles, and is widely recognised as India’s most trusted mobile retail chain. The company deals in retail and distribution of mobile phones and accessories across Gujarat and other Indian states.


Registered Office

📍 Showroom 6, Videocon Arizona, Opp. Gujarat Vidyapith,
Near Navgujarat College, Usmanpura, Ahmedabad – 380014, Gujarat
🌐 www.koremobiles.com
📧 admin@koremobiles.com
📞 +91 78678 78627


Conclusion

The Company’s clarification ensures that investors and analysts are made aware of the isolated nature of the discrepancy and can continue to rely on the integrity of the published financial data. The proactive response and corrective measures demonstrate Jay Jalaram Technologies’ continued commitment to transparent and compliant financial reporting.


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