Hind Rectifiers has informed that Ind AS is applicable on the company from 1st April, 2017. In order to facilitate the smooth transition during the first year of applicability of the Ind-AS on the listed entities, SEBI via its circular no CIR/CFD/FAC/62/2016 dated 05th July, 2016 has provided relaxation of one month in the timeline for submitting the financial results for the first two quarters, so accordingly the company would like to avail the extension for the second quarter as well.
The above information is a part of company’s filings submitted to BSE.
