Looking into Jet Airways quarter one results: Sebi

Regulator Sebi is looking into Jet Airways' deferring the announcement of June quarter results following reservations expressed by the airline's audit committee while stock exchanges have also sought information from the company, sources said.

The board of directors of Jet Airways, which is grappling with financial woes, on August 9 deferred the matter of consideration of the unaudited financial results for the June quarter.Sources said that Sebi is looking into the airline delaying June quarter results after the carrier's audit committee expressed reservations.

The regulator is concerned about any possible lapses in terms of disclosure and corporate governance norms by Jet Airways. Sebi is also in touch with the stock exchanges on the Jet Airways matter, they added.

The BSE said the disclosure by Jet Airways regarding the delay in first quarter results lacked "certain information" and asked the airline to submit complete information.