Future Retail has not been able to file or submit its audited financial results (standalone & consolidated) for the quarter and year ended 31st March, 2021. This is due to the restrictions imposed by various state governments, the company stated in its filing.
The company has requested for an extension till July 31, 2021. The company said that in light of the restrictions imposed by the government due to the COVID-19 pandemic situation, all of our as well as our subsidiary companies offices were closed/partially closed and we have very limited access to the documents. Presently, we are working with minimum staff and trying to resolve issues to our best from alternate locations as much as possible.”
It added it is also facing “various other difficulties in providing papers/ documents query raised by auditors to complete the audit procedure thoroughly.”
The company stated in order to safeguard its employees, the company has not yet completely started its key offices in Mumbai. “This has not only impacted our administration and regular accounting operations but completion and closure of annual accounts and consolidation process. Our management is making continuous efforts to resume the work/to give access to all the operating systems to make work possible and normal.”