FTIL shareholders reappoint Deloitte as statutory auditor, adopt FY13 financials

Written by fe Bureau | Mumbai | Updated: Feb 26 2014, 10:26am hrs
Five months after it adjourned its Annual General Meeting (AGM) as its auditors said that inspected financial statements for fiscal 2012-13 should not be relied upon, the shareholders of Financial Technologies-India (FTIL) approved its auditors report and financials for the fiscal at a meeting held last week.

An exchange filing by FTIL the holding company of the scam-hit National Spot Exchange (NSEL) says that at its adjourned 25th AGM that took place on February 21,2014, a resolution to approve and adopt the audited balance sheet and profit & loss account for the fiscal was approved unanimously.

Another resolution that sought re-appointment of Deloitte Haskins & Sells LLP as statutory auditor of the company was also approved during the meeting.

Earlier in September, a day ahead of its scheduled AGM, FTIL was forced to postpone key resolutions to be discussed at the AGM after its auditors said that inspected financial statements for fiscal 2012-13 should not be relied upon.