Moneycontrol
Aug 11, 2017 03:38 PM IST | Source: Moneycontrol.com

Sahara One: Outcome of board meeting

The Board noted the observations of the Audit Committee and decided to conduct a Separate Board Meeting for reconsidering the Unaudited Financial Results for the quarter ended 30.06.2017.

Sahara One: Outcome of board meeting
In continuation to our earlier letter dated 04th August, 2017 regarding the meeting of Board of Directors of the Company, to consider and approve Unaudited Financial Results of the Company for the quarter ended 30th June, 2017, the outcome of the Board Meeting are as under:

1. Due to some observations of Audit Committee regarding applicability of IND-AS for quarter ended 30.06.2017, the Board decided to reconsider the Unaudited Financial Results for the quarter ended 30.06.2017.

2. The Board noted the observations of the Audit Committee and decided to conduct a Separate Board Meeting for reconsidering the Unaudited Financial Results for the quarter ended 30.06.2017.

Hence the Quarterly result for the quarter ended 30.06.2017 could not be approved by the Board of Directors.

The meeting concluded on 3:15 P.M.



Source : BSE
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