The Thailand Securities and Exchange Commission (SEC) instructed Samchai Steel Industries Public Company Limited (SAM) to expedite submission of rectified financial statements for the third quarter of 2025, reviewed by its auditor, and to publicly disclose them via the Stock Exchange of Thailand’s Electronic Listed Company Information Transmission System (SETLink). The SEC declined SAM’s request for an extension to the submission deadline. The rectification follows the auditor’s qualified conclusion on SAM’s Q3 2025 financial statements and findings in a special audit report highlighting several issues affecting the accuracy of inventory-related accounting records, including management’s adjustment of inventory value to net realizable value as at 31 December 2023. The SEC’s instruction covers Q3 2025 and affected comparative periods, and requires submission of the rectified financial statements together with related reports under Section 56 of the Securities and Exchange Act B.E. 2535 (1992). SAM sought more time on the basis that it was revising its 2024 financial statements first, but the SEC noted the special audit issues had been known since July 2025 and found insufficient grounds to extend the deadline. SAM must disclose the rectified Q3 2025 financial statements and related reports via SETLink by 6 February 2026 and submit them to the SEC without delay.

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