IL&FS Transportation Networks delays Q2 results citing group co's NCLT proceedings
IL&FS Transportation Networks, part of the troubled IL&FS group, Thursday cited NCLT insolvency proceeding as the reason for delay in filing September quarter financial results with the stock exchanges and said it will declare quarterly numbers at the earliest.
As per the listing norms with BSE and NSE, companies are required to file the results on a quarterly basis within 45 days from the end of the quarter. Image source: Reuters