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| Exchange Disseminated Time 09/02/2016 09:34:18 | Accel Frontline Ltd has informed BSE that :
(a) The Independent auditor- Deloitte Touche Tohmatsu India LLP who had been suo-motu appointed by the Company to examine the quality of bills receivable of the Company for the 3 year period ended March, 2015 has in their preliminary interim finding (which is tentative, inconclusive, and, subject to further verification and confirmation) informed the Company that based on the current preliminary investigation till date (which is not conclusive), there appears to be at this stage, bills receivable which may not be adequately substantiated, and other items to the tune of Rs. 30 to 40 crores ( Rupees thirty to forty crores), which may not have been adequately provided for in the books of the Company.
(b) The Company will update the exchange with further details immediately on the final report of the independent auditor being made available to the Company. |
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