Sebi appoints forensic auditor to vet financial statements of Suzlon Energy

Topics Suzlon Energy

Suzlon Energy on Tuesday said market regulator Sebi has appointed forensic auditor to carry out forensic audit of its financial statements.

"The company is in receipt of a letter from the Securities and Exchange Board of India (Sebi) dated March 22, 2021, informing the company that it (Sebi) has appointed the forensic auditor to carry out forensic audit with respect to the financial statements of the company," it said in a regulatory filing.

Sebi has stated in its letter that this appointment is in the context of disclosures of financial information and business transactions and if there are any violations of the applicable provisions of the SEBI Act or the Securities Contracts (Regulations) Act, 1956, and the Companies Act, 2013 or other applicable laws, it added.

Suzlon Energy also stated in the filing that it "being global company, having strong internal controls and an effective audit system; believes that the company has been and is compliant with the applicable laws and regulations."

The company is committed to extending its fullest cooperation in completion of the forensic audit, it added.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel