General Announcement::Un-audited Financial Results for the Quarter ended 30th June, 2018 and Changes in KMP.

Issuer & Securities

Issuer/ Manager
VIDEOCON INDUSTRIES LIMITED
Securities
VIDEOCON US$75.2M 2.8%CB201231 - XS1334578017 - 38UB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-Aug-2018 00:34:10
Status
New
Announcement Sub Title
Un-audited Financial Results for the Quarter ended 30th June, 2018 and Changes in KMP.
Announcement Reference
SG180814OTHR9XJD
Submitted By (Co./ Ind. Name)
Videocon Industries Limited/Kaustubha Sahasrabudhe
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Singapore Exchange Securities Trading Limited (Stock Exchange) is aware that Videocon Industries Limited (the Company ) is under Corporate Insolvency Resolution Process vide order dated 6th June, 2018, passed by Hon ble National Company Law Tribunal, Mumbai Bench, Mumbai ( NCLT ) and the Hon ble NCLT has appointed Mr. Anuj Jain as Interim Resolution Professional ( IRP ) and, consequent, as Resolution Professional ( RP ) by the Committee of Creditors on 10th July, 2018 to carry out the functions as mentioned under the Insolvency and Bankruptcy Code, 2016 (the Code ). Accordingly, Mr. Anuj Jain took control of the management and operations of the Company.

The Company hereby submit that:

1. As the powers of the Board of Directors of the Company have been suspended, the Un -audited Financial Results of the Company for the quarter ended on 30th June, 2018 along with Limited Review Report, have not been considered and recommended by the Audit Committee and, consequently, by the Board of Directors. However, the same has been signed by Mr. V. N. Dhoot, Chairman cum Managing Director of the Company, confirming truthfulness, fairness, accuracy and completeness of the same. Basis the said confirmation by the Chairman cum Managing Director, these Un -audited Financial Results of the Company for the quarter ended on 30th June, 2018 along with Limited Review Report have been taken on record by the RP and is hereby submitted with the Stock Exchange(s) as Annexure 1 .

2. RP has Considered and taken on record the resignation tendered by Mr. Mandar Joshi as Company Secretary and Compliance Officer of the Company with effect from 13th August, 2018 and appointed Mr. Kaustubha A. Sahasrabudhe (ACS No. 21165), who is currently Joint Company Secretary and KMP of the Company, as Company Secretary and Compliance Officer of the Company with effect from 13th August, 2018. The brief profile and terms of appointment of Mr. Kaustubha A. Sahasrabudhe is enclosed and marked as Annexure 2

You are requested to kindly take the same on record.

Attachments

SINGAPORERESULTS13082018.pdf
Total size =810K