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Crisis-hit DHFL defers March quarter financial results; stock falls by 12%

A source said the auditor has raised additional queries on the firm's accounts

Dewan Housing Finance
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Subrata Panda Mumbai
Housing finance firm Dewan Housing Finance (DHFL) on Friday postponed its board meeting — to get its audited financial results for the March quarter of 2018-19 (FY19) approved — to July 13, because of non-availability of a few of its directors”. The company’s stock closed at Rs 72 a share on Friday, down 12 per cent.

The board was to meet on Saturday (June 29). In a statement, the company said: “In light of certain unforeseen operational engagements including non-availability of a few directors to ensure participation of all the members of the audit committee as well as the board for

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First Published: Jun 29 2019 | 12:13 AM IST

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