IL&FS Transportation Networks delays Q2 results citing group co’s NCLT proceedings

As per the listing norms with BSE and NSE, companies are required to file the results on a quarterly basis within 45 days from the end of the quarter.

“The newly appointed board of IL&FS is in the process of preparation of roadmap and its subsequent submission to NCLT, which will require IL&FS Transportation Networks Ltd (ITNL) to undertake divestment, restructuring and/or consolidation of its assets…which will have an impact on the accounting and financial aspects of ITNL,” the company said in a BSE filing.

“The aforesaid has resulted in delay in finalising and submission of financial results for the September quarter,” it added.

Related Post