Kingfisher Airlines defers declaration of results

Kingfisher Airlines on Tuesday said it has deferred declaration of its financial results for the year ended March 31, 2009 in the absence of requisite quorum.

Kingfisher Airlines on Tuesday said it has deferred declaration of its financial results for the year ended March 31, 2009 in the absence of requisite quorum.

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The Chairman of the Audit Committee met with an accident and hence the quorum could not be completed, the private airline said in a statement here.

"The Kingfisher Board met as scheduled today in Mumbai. However, the consideration of the audited financial statements for the year ended March 31, 2009, has been deferred since the Audit Committee meeting could not be held as the quorum requisite was not present," it said.

"The Audit Committee Chairman, who met with an unfortunate injury resulting in a fractured leg, was also unable to attend the meet," the company said.

The committee and board's meetings for consideration of the financial results would be held at the earliest possible opportunity, it said.