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Indian Accounting Standards (Ind-AS) becomes applicable in HUDCO from financial year 2018-19, starting from 1st April, 2018 onwards. Accordingly, quarterly results for quarter ending 30th June, 2018 of financial year 2018-19 and thereafter, will be as per the Ind-AS requirements. As per SEBI Circular dated 5th July, 2016, relaxation in timeline by a period of one month for submission of quarterly results for quarter ending 30th June, 2018 and 30th September, 2018 has been granted to the Companies implementing Ind-AS for the first time. Therefore, the financial results of HUDCO for the quarter ended 30th June, 2018 and 30th September, 2018 will be submitted within the stipulated time, i.e. on or before 14th September, 2018 and 14th December, 2018 respectively, in compliance with the SEBI Circular.
Source : BSE - www.bseindia.com
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