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Facing insolvency proceedings IVRCL Ltd, the Hyderabad-based construction company, has postponed the announcement of its results for the period ended March 31, 2018.
In a regulatory alert to the BSE, it has informed that the audited financial results for the quarter and year ended March 31, 2018, for consideration by the Insolvency Resolution Professional, which was scheduled on May 30, 2018, has been postponed as the financial results are not ready for approval.
The company has requested for extension of time for filing audited financial results from the Securities and Exchange Board of India on May 29.
The construction company is now being supervised by the Insolvency Resolution Professional following creditors taking up the matter with the National Company Law Tribunal.
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