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Videocon Ind

19th-Aug-2019 12:52Source: BSE

Videocon Industries - Disclosure Of Reason For Delay In Submission Of Financial Results For The Quarter Ended 30Th June, 2019 Pursuant To The SEBI Circular CIR/CFD/CMD-L/142/2018 Dated 19Th November, 2018

As the exchange is aware, Videocon Industries Limited, (the ''Company'') is undergoing Corporate Insolvency Resolution Process (''CIRP'') under the provisions of The Insolvency Bankruptcy Code, 2016 (''IBC'') in term of order dated 6th June, 2018 passed by Hon''''ble National Company Law Tribunal, Mumbai Bench (''''NCLT''''), pursuant to an application filed by the State Bank of India under Section 7 of IBC.
In terms of Regulation 33(3) of the SEBI (LODR) Regulations, 2015, the Company is obligated to submit and/or publish the financial results for the quarter ended 30th June, 2019. However, as the Company couldn''t publish the said results in timely manner, the Company in compliance with the Securities and Exchange Board of India Circular dated 19th November, 2018, would like to furnish the reasons for delay in publishing of financial results for the quarter ended 30th June, 2019.The attachment is self-explanatory.
You are requested to take the same on record and oblige.

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