Business Standard

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

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to