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Jet defers results after audit panel refuses nod

DNMUM420008 | 8/10/2018 | Author : DNA Money Correspondent | WC :230



Mumbai: The Board of Jet Airways (India) Ltd, which met on Thursday, decided to defer the announcement of unaudited financial results for the first quarter.
Adding to its ongoing financial woes, the company informed the stock exchanges in a statement that the Board’s audit committee had refused to approve the financial results.
“It may be noted that the audit committee did not recommend the financial results to the Board for its approval, pending closure of certain matters. The trading window will continue to remain closed and will open 48 hours after publication of results for the quarter ended 30 June, 2018,” it said in the statement.
This follows the recent controversies surrounding India’s second-largest airline ov
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