Mumbai, Sep 4 (IANS): A sudden crash in the company's main server could have resulted in "huge loss of the company's financial, legal and confidential data", Rathi Steel and Power said on Tuesday in an exchange filing.
"Board would like to inform you that the main server of the IT department of the company suddenly crashed due to sudden fluctuations in the electricity and software failure issues. Thus there might be huge loss of company's financial, legal and confidential data," the company said.
Because of this reason, the accounts are getting prepared at a slow pace and the company might not be able to finalise the accounts within time before the date of the anual general meeting (AGM), the company statement said.
"Hence the application for extension of annual general meeting for the financial year ending March 31, 2019 be filed," it said.