TULIP TELECOM LTD. - Adjournment of Board Meeting
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| 15 Nov 2013 | |
| Tulip Telecom Ltd has informed BSE that the Board meeting held on November 14, 2013, for the approval of the Un-Audited Financial results of the Company for the quarter and Half year period ended on September 30, 2013, was adjourned as the Company was not able to finalize its results for the said period due to the following reasons ;<br/><br/>1. The Company has subsidiaries across India and the financial of these subsidiary Companies are yet to be finilised.<br/><br/>2. The Company has appointed Joint Auditors apart from the existing Auditor's under CDR Scheme, and due to this, it is taking more time to compile and evaluate the data which has been asked for by the new Auditors.<br/><br/>3. Due to the CDR scheme, as implemented by the Company, the employees of the Company are tied up with the filing of necessary papers and documents with the CDR Lenders.<br/><br/>Due to above stated reasons, it was unanimously decided by the Board that the meeting shall stand adjourned.<br/>Considering the above situations, the Company cannot provide its Un-Audited Financials to the Stock Exchange(s) in terms of the provisions of clause 41 of the Listing Agreement,<br/><br/>The Company is in process of Finalization of its Financials and will submit its unaudited financial results at the earliest possible. | |
| View all announcements for TULIP TELECOM LTD. | Source: BSE India |
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