RS Ramani and Gurumurthi Jayaraman, promoter directors of 8K Miles Software Services have resigned on Saturday form the company.
The company board, which met to consider the quarter and annual results for the period ended March 2019, accepted the resignations.However the company officials have not given any reasons for the resignations.
The BSE and the NSE have earlier announced the suspension of the company's shares from today (November 4) for not disclosing the FY19 results as scheduled.
Shares on Friday closed at Rs 43.59 on the BSE.
Meanwhile, 8K Miles Software Services auditor- Delloitte Haskins and Sells in audited results note said it had informed the central government about the suspected fraud in the company.
The Chennai-based cloud computing firm has been under various regulatory radar, including MCA and SEBI.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.