Videocon Industries informs about outcome of board meeting

28 Nov 2019 Evaluate

Videocon Industries has informed that the board of directors at their meeting held on 27th November, 2019, has considered, approved and recommended to the RP to take on record the Audited Standalone Financial Results of the Company for the Quarter and Financial Year ended on 31st March, 2019. A copy of Audited Standalone Financial Results of the Company along with the Audit Report and Statement on Impact of Audit Qualifications is enclosed. Given that the Company is under corporate insolvency resolution process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016, and with effect from 25h September, 2019 (published on 27th September, 2019), its affairs, business and assets are being managed by, and the powers of the board of directors are vested in, the resolution professional, Abhijit Guhathakurta (RP), the aforesaid meeting of the Directors was chaired by the RP of the Company who, relying on the certifications, representations and statements of the Directors and management of the Company and the consequent recommendation of the Directors, took on record the Audited Standalone Financial Results for the quarter and financial year ended on 31st March, 2019.

The above information is a part of company’s filings submitted to BSE.

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