TGB Banquets - Results-Delay in Financial Results
28/08/2019 13:52
We hereby submitting a consolidated unaudited Financial Results for the Quarter Ended on 30th June, 2019 along with Limited Review report submitted by Statutory Auditors' of the Company.
This deficiency happened by the management due to having confusion between two circulars issued by authorities first one dated 29th March, 2019 in which applicable date is 01st April, 2019 for all Listed Companies and second one is dated 19th July, 2019 which is regarding the format of Limited Review and auditor's report which is going to be applicable from the Quarter September, 2019. The management thought that the amended one will be the final one and consolidated shall be provided from September, 2019 quarter.
You are requested to take a lenient view as this misunderstanding happened unintentionally. There was no any kind of malafide intention of the company for not giving consolidated financials to the Stock Exchanges.