These include payment of dividend and reappointment of Deloitte Haskins & Sells as auditor. Deloitte has said FTIL's financial statements for 2012-13 cannot be 'relied upon'.
Shah and FTIL, along with group company Multi-Commodity Exchange of India (MCX), have been dragged into a controversy involving another group company, National Spot Exchange (NSEL), which is in a Rs 6,0000 crore payment crisis.
Deloitte, which audited FTIL's accounts, has expressed doubts over the reliability of data regarding NSEL, which it said could not be relied upon. This has forced FTIL to defer the three items.
Bloomberg on August 1 reported that NSEL accounted for 56 per cent of FTIL's net income in 2012-13. FTIL said that as per the standalone financials, revenue from NSEL was largely on account of technology services, which contributed only 4.79 per cent of the total income and 6.56 per cent of its net profit.
Deloitte refused to comment to Financial Chronicle on grounds of client confidentiality.
In a communiqué to stock exchanges, FTIL said its standalone accounts and consolidated accounts for 2012-13 might undergo an amendment together with a revised auditors' report and would be approved and published later.
The third item being deferred is consideration and adoption of the audited balance sheet for 2012-13. There is uncertainty over dividend payment too, as this has also been deferred. The company had earlier announced a final dividend of Rs 2 per share.
MCX, whose AGM is slated for September 30 in Mumbai, had earlier deleted items to reappoint three directors, including Venkat Chary, following the Forward Markets Commission's revised rules for such appointments.
Several hundred investors affected by the NSEL payment crisis are set to protest at FTIL's AGM venue in Chennai. The company has settled payments of only Rs 150 crore to small investors so far.
In its communiqué to the stock exchanges, FTIL said the balance sheet had already been approved and recommended by shareholders on May 30, along with the auditor's report and the NSEL incident came to the company's notice only on July 31.
FTIL's annual report was circulated by it among shareholders on August 30 & 31.
The FTIL share was down 2.33 per cent on Wednesday at Rs 167.35. MCX ended at Rs 437, down 0.73 per cent.
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