Financial results for June quarter not yet prepared: Jet Airways’ RP
New Delhi: Jet Airways (India) Ltd has not been able to start preparing its June quarter results as it did not have access to the financial data, the grounded airline said on Friday.
“…I would like to mention that prior to commencement of the corporate insolvency resolution process (CRIP), directors, CEO (chief executive officer), CFO (chief financial officer), CS (company secretary), including other top management personnel had resigned from the company. Further, access to data was not available until mid-July,” Jet Airways’ resolution professional, Ashish Chhawchharia, said in a stock exchange notification.
“Pending book closure process, financial results for the quarter ended 30 June 2019 have not been prepared/finalized till date and, hence, the requirement under Regulation 33 of Sebi LODR cannot be complied with within the prescribed timelines,” Chhawchharia said, adding that all attempts are being made to regularise processes at the earliest.
