The board of DHFL on Monday authorized the promoters to hold a shareholders’ meeting. The meeting was held to vote on a plan for restructuring its loans with banks. Also, the company is actively working on a stake sale deal, which may see the promoters giving up control of the company.
After the deal, AION Capital will hold 51 per cent in the company. However, banks and other lenders will hold 26 per cent. The company is about to issue fresh shares to AION Capital under the deal. The official announcement of the deal is still pending and expected to take place before July 31.
In a regulatory filing, Deloitte Haskin & Sells and Mumbai-based Chaturvedi & Shah, DHFL’s two auditors, said, “We were not able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the statement”.
DHFL said its audited results were largely in line with the unaudited net loss it reported on July 13.