DHFL falls 7% on deferring Q4 earnings announcement

The share touched its 52-week high Rs 690 and 52-week low Rs 60 on 03 September 2018 and 19 June 2019, respectively.

Shares of Dewan Housing Finance Corporation (DHFL) declined more than 7 percent intraday on June 28 after the company deferred Q4 earnings announcement.

The company was scheduled to announce Q4 earnings on June 29.

Earlier, the company had informed the stock exchanges that it will not be able to furnish the audited standalone and consolidated financial statements for FY19 within the time stipulated by SEBI norms.

DHFL said that the delay was due to new submissions under the provisions of the Companies (Indian Accounting Standards) Rules, 2015, which came into effect from April 1, 2018. This means the financial year which ended on March 31, was the first full financial year when these rules were applicable.

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