Ackruti City Ltd has informed BSE that :
"The Company is for the first time implementing a new ERP solution covering all the operations of the Company in the quarter ended March 31, 2010. However, due to technical glitches faced by the Company in implementing the ERP system organization wide, the unaudited financial results for the quarter ended March 31, 2010 together with the limited review report could not be placed before the Audit Committee and the Board of Directors at their respective meetings held on May 15, 2010.
The management is putting in its best efforts to meet the challenges and a team of experts from the software vendor, the implementing agency and other professionals are on the job for resolving the issue.
A meeting of the Board of Directors of the Company has been convened to be held on May 28, 2010, inter alia, to consider the unaudited financial results for the quarter ended March 31, 2010 together with the limited review report thereon.
The audited annual accounts for the year ended March 31, 2010 would be announced by the Company as soon as they are ready."