 "Jet Airways board meets on August 27, will announce June-quarter results")
The Jet Airways board will meet on August 27 to approve financial results for the June-end quarter.
The airline had delayed its results earlier this month, prompting the stock exchange and market regulator Sebi to seek reasons. While sources said the airline and its auditors had differences over matters relating to qualification of accounts of a going concern, the airline management denied it.
The airline did not announce its quarterly result after board meeting on August 9 and said the result was delayed as its management sought additional time from the audit board for finalisation of accounts. It claimed the extension had been granted.
The airline also said that that the term of its audit committee chairman, Srinivasan Vishwanathan, had ended and that he retired before the board meeting on August 9.
The Jet Airways stock was trading 2.15 per cent up at Rs 306.90, at around 2:20 p.m. on the Bombay Stock Exchange on Friday.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%