Dewan Housing Finance (DHFL) formally put off its board of directors' meeting, earlier scheduled for Monday, to approve the second quarter (June-September) financial results. The new administrator appointed by the Reserve Bank of India (RBI) needs to first have a detailed discussion with the statutory auditors.
DHFL told the stock exchanges the revised date for the meeting would be intimated in due course. The RBI superseded the board over governance concerns and default on payment obligations; R Subramaniakumar was made the administrator. The RBI also appointed a three-member ...
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