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Future Retail seeks deadline extension for filing results

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Future Retail Ltd has sought extension of time until July 31, 2021 to file its results for the quarter and year ended March 31, 2021.

According to the company, due to restrictions imposed by the government in the wake of COVID-19, offices of the company and its subsidiaries were closed/partially operational and it had very limited access to relevant documents.

In order to safeguard its employees, it has not yet completely started its key offices in Mumbai, Future Retail Ltd said in a filing to stock exchanges.

“We are working with minimum staff and trying to resolve issues to our best from alternate locations as much as possible. We are also facing various other difficulties in providing papers/ documents query raised by auditors to complete the audit procedure thoroughly,” it said. The restrictions have not only impacted its administration and regular accounting operations but also completion and closure of annual accounts and the consolidation process, it added.

“In view of the above we request you to kindly allow us time till 31st July, 2021 to file/submit Audited Financial Results (Standalone & Consolidated) for the quarter and year ended 31st March, 2021…. ,” it said.

“We further earnestly submit to condone the delay and not initiate any action in this regard since the delay is purely for reasons beyond our control,” the company said.