Ashapura Minechem Ltd - 527001 - Intimation Under Regulation 29 Of SEBI (LODR) Regulations, 2015 - AFR (Consolidated) - 31.03.2019
IRP vide letter bearing ref no. AML/IBC/CIRP/17 dated 30th May, 2019, submitted Audited Financial Results (Standalone) for the quarter and year ended 31st March, 2019. Further, as per Regulation 33 (3) (d) of the SEBI (LODR), 2015, if the listed entity has subsidiaries, it shall, while submitting annual audited standalone financial result also submit audited consolidated financial result along with auditors' report. The said result for the year ended March 31, 2019 primarily pertains to a period before 15th March, 2019, i.e. insolvency commencement date, wherein the management of the Company was responsible for the affairs and day to day functioning of the Company. The financial statements of few of the Subsidiaries/Associates were not finalised and were said to be available within a month's time. Moreover, the IRP also needed some time to understand and assess such financials and therefore, had requested for an extension of two months to ensure that the consolidated financial statements are duly prepared and submitted to the Stock Exchanges.25-07-2019