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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 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 audited financial results (both Standalone and Consolidated) for the quarter and financial year ended 31st March, 2019. However, as the Company couldnt 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 and Financial Year ended 31st March 2019. The attachment is self-explanatory. You are requested to take the same on record and oblige.
Source : BSE - www.bseindia.com
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