Not in a position to approve results: USL

Written by fe Bureau | Updated: Aug 13 2014, 07:23am hrs
The Diageo-controlled United Spirits (USL) on Tuesday said it is not in a position to consider and approve the unaudited financial results for the quarter ended June within the statutory limit of 45 days from the close of the quarter, as the companys board was yet to approve the draft audited financial results for FY14.

The company said it would inform the stock exchanges as soon as a date for a board meeting is finalised.

USL had postponed the publication of its FY14 earnings, scheduled for August 2, as its board had sought certain clarifications on the draft financial statements and related issues during its