(Dewan Housing Finance Corporation) DHFL’s current auditors “Deloitte Haskins and Chaturvedi & Shah” has asked to submit additional information based on their financials.
Auditors have used the power of section 143 of the Companies Act, 2013. Section 143 of the Companies Act, 2013 deals with the “powers and duties of auditors and auditing standards”
On July 13, 2019, DHFL has released “reviewed and unaudited IND AS standalone financial results showing net loss of Rs 2,224 crore for the quarter ending March 2019 against a profit of Rs 134.35 crore in the last year period.
These results have been presented to audit committee and board of directors on the same day.
The management of DHFL is directed by the Audit committee in its board meeting to present the audited Ind AS standalone and consolidated financial results of the company on or before July 22, 2019.
For deciding the liquidity issues, DHFL is working with stakeholders and creditors.