Jet Airways delays quarterly results; stock exchange seeks answers

The Bombay Stock Exchange (BSE) is seeking further information after Jet Airways delayed the release of its financial results for the quarter ended June 30. Jet Airways company secretary and VP-global compliance Kuldeep Sharma told the stock exchange, Aug 9, the board had deferred its decision on the financial results. “It may be noted that the audit committee did not recommend the said financial results to the board for its approval, pending closure of certain matters. The trading window will continue to remain closed and will open 48 hours after publication of results for the quarter,” Sharma said. The BSE also asked Jet Airways to respond to reports that its audit committee chairman has resigned, cautioning that the airline must “henceforth submit complete information” to remain in compliance with market rules. <br/>