FTIL shareholders reappoint Deloitte as statutory auditor, adopt FY13 financials

Five months after it adjourned its Annual General Meeting (AGM) as its auditors said that inspected financial statements for fiscal 2012-13 should not be relied upon, the shareholders of Financial Technologies-India (FTIL) approved its auditor?s report and financials for the fiscal at a meeting held last week.

An exchange filing by FTIL ? the holding company of the scam-hit National Spot Exchange (NSEL) ? says that at its adjourned 25th AGM that took place on February 21,2014, a resolution to approve and adopt the audited balance sheet and profit & loss account for the fiscal was approved unanimously.

Another resolution that sought re-appointment of Deloitte Haskins & Sells LLP as statutory auditor of the company was also approved during the meeting.

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Earlier in September, a day ahead of its scheduled AGM, FTIL was forced to postpone key resolutions to be discussed at the AGM after its auditors said that inspected financial statements for fiscal 2012-13 should not be relied upon.