IL&FS Engineering’s joint statutory auditor resigns
The company said the auditor cited reasons such as non-payment of fees for the year ended March 31, 2018.
By ETMarkets.com |
Mumbai: IL&FS Engineering and Construction on Tuesday said one of its joint statutory auditors BSR Associates resigned on Sunday with immediate effect.
The debt-laden company said the auditor cited reasons such as non-payment of fees for the year ended March 31, 2018 and non-receipt of certain pending information and responses to the audit matters as requested for the audit for the year ended March, 2019, limited reviews for the quarter ended 30,2018 and December, 2018 and responses to queries raised by it.
Ahead of the announcement, the company’s shares closed 0.4 per cent lower at Rs 5.13 a share on BSE.
The debt-laden company said the auditor cited reasons such as non-payment of fees for the year ended March 31, 2018 and non-receipt of certain pending information and responses to the audit matters as requested for the audit for the year ended March, 2019, limited reviews for the quarter ended 30,2018 and December, 2018 and responses to queries raised by it.
Ahead of the announcement, the company’s shares closed 0.4 per cent lower at Rs 5.13 a share on BSE.
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