New Delhi: In a shocking move, the Stock Exchange Board has demanded answers from Steel Authority of India Limited (SAIL) over its suspicious silence on regulatory compliance. The exchange has accused SAIL of failing to submit a crucial Statement of Modified Opinion, sparking fears of a major cover-up.
But in a dramatic turnaround, SAIL has finally broken its silence, submitting a clarification to the exchange in a desperate bid to avoid further scrutiny. The company’s prompt response has raised more questions than answers, leaving investors wondering what SAIL is really hiding.
Will this clarification be enough to save SAIL’s reputation, or will it open up a can of worms? One thing’s for sure – the Stock Exchange Board is watching SAIL’s every move, and the company’s future hangs in the balance!
