Days after NSE suspended DCHL stock and BSE excluding the stock from BSE-500 index, the board of DCHL met on Monday to take on record audited financial results for the quarter ended September and June and for the 18 months year ended September 2012. Owing to restructuring of its debt with the bankers, DCHL had received approval from the Registrar of Companies, Andhra Pradesh to extend its financial year 2011-12 and holding of AGM for recasting the financial statements.
The company has been under severe selling pressure, down by 22% in last five trading sessions. The shares were locked at 5% lower circuit, at R5.65, a fall of over 4.9% on the stock exchanges. Shares crashed 90% in last one year as the company has been facing financial crisis.