New Delhi: Power trading solutions provider Bharat on Wednesday said it has postponed its May 30 board meeting due to non-availability of financial results of subsidiary PFS.
India Financial Services (PFS), in which the company holds 64.99 per cent stake, is registered with the RBI as a non-banking financial company (NBFC), the regulatory filing said.
It said the company will submit its financial results in due course and the date of the board meeting will be informed separately.
"The proposed Board meeting on May 30, 2024 to consider the approval of India's standalone and consolidated financial results for the quarter ended March 31, 2024, including recommendation of final dividend for FY23-24, has been postponed due to non-reasonable "has been postponed due to." Availability of financial results of PFS,” the filing added.
India Financial Services (PFS), in which the company holds 64.99 per cent stake, is registered with the RBI as a non-banking financial company (NBFC), the regulatory filing said.
It said the company will submit its financial results in due course and the date of the board meeting will be informed separately.
"The proposed Board meeting on May 30, 2024 to consider the approval of India's standalone and consolidated financial results for the quarter ended March 31, 2024, including recommendation of final dividend for FY23-24, has been postponed due to non-reasonable "has been postponed due to." Availability of financial results of PFS,” the filing added.
