Salungano Group suspension continues amid financial reporting delays

Salungano Group Limited's shares remain suspended from the JSE as of August 21, 2023, due to its failure to publish audited financial results for the year ended March 31, 2023 (FY2023). The company announced on August 29, 2025, that it is still unable to provide exact dates for the release of its FY2024 financial results and FY2025 interim financial results, following previous notifications of further delays on June 13, 2025, and March 28, 2025.

These delays have subsequently impacted the anticipated publication of the audited financial results for the year ended March 31, 2025 (FY2025), which are now not expected before September 30, 2025, contrary to earlier estimates from the May 2025 quarterly progress report. Salungano Group further confirmed that an updated indicative timeline for the publication of FY2025 financial results will be communicated to shareholders as soon as practicable.

In light of these uncertainties, the board's previous estimate of lifting the suspension around mid-November 2025 is no longer viable. The company's best estimate for lifting the suspension will be communicated to shareholders as soon as practicable. A Standstill Agreement with lenders was concluded on August 26, 2025.