The Thailand Securities and Exchange Commission has denied Charan Insurance Public Company Limited’s request to extend the deadline for submitting its rectified interim financial statements for the first quarter of 2025 that have been reviewed by the auditor. The SEC instructed the company to promptly file the rectified and reviewed interim financial statements and to disclose them through the Stock Exchange of Thailand’s Electronic Listed Company Information Transmission System (SETLink) without delay. The SEC had previously required Charan Insurance to work with its auditor to review and submit the rectified Q1 2025 interim financial statements by 15 September 2025, and to publish them via SETLink by the same deadline, after the auditor was unable to obtain sufficient audit evidence relating to the company’s first-time adoption of Thai Financial Reporting Standard 17: Insurance Contracts, effective 1 January 2025. Charan Insurance sought extra time citing the engagement of a consulting firm to improve data preparation processes and information technology systems to support compliance with TFRS 17, with data being delivered progressively for audit review. After review, the SEC concluded the company could complete the rectification within the prescribed deadline and found insufficient grounds to grant an extension, reiterating the need for timely disclosure of financial statements as essential information for investors and shareholders.

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