Fortis Healthcare seeks 15-day extension to declare Q2, Q3 results
Fortis Healthcare, India's second-largest hospital chain, has sought a 15-day extension to declare earnings for the second and third quarter of the current financial year citing statutory auditors' inability to complete the audit before the stipulated board meeting. The board of Fortis Healthcare was to consider financial results for July-September and October-December 2017 quarters at its meeting today. In a regulatory filing, the company said the meeting of the board of directors for today will go as scheduled and would consider the resignation of promoters, Malvinder Mohan Singh and Shivinder Mohan Singh from the board. Bloomberg had last week reported that Fortis could not declare the second quarter earnings within the stipulated 45- day period as its auditor, Deloitte Haskins & Sells LLP, refused to sign off on the results until about Rs 500 crore that Singh brothers took out from the company without board approval is accounted for or returned. Called for an...14-02-2018