Motilal Oswal
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Motilal Oswal
May 29, 2018 02:26 PM | Retail

Manpasand Beverages blames system upgrades for delay in providing data to Deloitte

Manpasand Beverages, which got into a kerfuffle due to the exit of its auditor ahead of the declaration of its annual earnings, blamed system upgrades for the delay in providing data and information to the auditor.

All the distribution related information has been now passed to the auditors and the results will be declared soon, the company said.

The exit of Deloitte Haskins & Sells India as the auditor of Manpasand Beverages, the parent company of the Mango Sip brand, triggered a sudden fall in share prices and speculation that it was reluctant to share crucial information.

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