Jet Airways’ June quarter results delayed amid ‘complexities of issues’
The Resolution Professional (RP) of Jet Airways informed the stock exchanges on Friday that there could be a delay in declaring the stressed airline’s Q1 results. Since there was no “access to data until mid-July”, and due to the “complexities of issues being faced by the company”, declaring results would take time, said Ashish Chhawchharia, the RP.
Under SEBI rules, it is mandatory for listed companies to declare their quarterly results to the shareholders. However, Jet Airways has been grounded since April 17 due to an acute cash crunch.
In May, CEO Vinay Dube, CFO Amit Agarwal, Company Secretary and Compliance Officer Kuldeep Sharma and Chief People Officer Rajhul Taneja had quit the company, citing personal reasons.
