1. The consolidated un-audited financial results for the quarter & nine months ended December 31 2018 on Standalone & Consolidated basis which have been reviewed by the Audit Committee pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 have been approved by the Board. We enclose a copy Standalone & Consolidated of un-audited financial results for the quarter & nine months ended December 31. 2018 together with Limited Review report.
2. Longfin Corp (LFIN) USA an associate company of Stampede Capital Limited in which Stampede has 37.14% stake filed the Assignment for the benefit of Creditors formal bankruptcy proceedings in the Court of New Jersey USA. Longfin in its filing with SEC has categorically said that the equity shareholders are not going to be paid anything out of the assets of the Company in the ensuing bankruptcy proceedings. As per the Ind AS 28 the Company impaired the investment in associate.
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