NIIT informs about Board Meeting

03 Jul 2015

NIIT has informed that a meeting of the Board of Directors of the Company will be held on July 17, 2015, to transact, consider and approve the revised annual accounts of the Company for the financial year ended March 31, 2015, which was earlier approved by the Board on May 27, 2015 and published by the Company in terms of Clause 41 of the listing agreement (‘Earlier Accounts’). The proposed revision of the Earlier Accounts is being undertaken to record the valuation of the assets and liabilities transferred to and vested in the Company pursuant to scheme of arrangement as approved by the Court Order pronounced on May 08, 2015 in consonance with the opinion of the Expert Advisory Committee of the Institute of Chartered Accountants of India. Since the said opinion has been received subsequent to the date of approval and publication of the Earlier Accounts, the Board would now consider the revised and amended annual accounts and to consider and approve the Unaudited Financial Results of the Company for the quarter ended June 30, 2015. Further, as per the Company’s Code of Conduct to Regulate, Monitor and Report Trading By Insiders, the trading window for dealing in the securities of the Company will remain closed for the Directors and Designated Persons of the Company covered under the said Code from July 03, 2015 to July 19, 2015.

The above information is a part of company’s filings submitted to BSE.

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