The Thailand Securities and Exchange Commission has denied NR Instant Produce Public Company Limited’s request for a 60-day extension to submit its rectified financial statements for 2024 and the first quarter of 2025, citing insufficient grounds. The SEC instructed the company to file the rectified statements and publicly disclose them through the Stock Exchange of Thailand’s Electronic Listed Company Information Transmission System (SETLink) without delay. The rectification relates to the accounting treatment of a change in shareholding proportion in Kairous Asia Limited, which the SEC indicated does not meet the definition of a business under relevant financial reporting standards, and to impairment considerations for assets related to Regeneration Capital Co., Ltd., a subsidiary that is an indirect shareholder of Kairous Asia Limited, in separate financial statements. The SEC maintained that NRF has had sufficient time to complete the restatement and kept the submission deadline at 30 June 2025.
Thailand Securities & Exchange Commission 2025-06-27
Thailand Securities and Exchange Commission rejects NRF request to delay rectified 2024 and Q1 2025 financial statements and orders immediate SETLink disclosure
The Thailand SEC rejected NR Instant Produce's request for a 60-day extension to submit rectified financial statements for 2024 and Q1 2025, citing insufficient grounds. The SEC instructed NRF to file and disclose the statements via the Stock Exchange of Thailand’s SETLink system without delay. The rectification involves accounting treatment of shareholding changes in Kairous Asia Limited and asset impairment considerations for Regeneration Capital Co., Ltd.