Things said at AGM:
1- addressing the issue regarding investor communication by appointing adfactor as the IR
2- 8K media allegations are baseless & CFO has stepped down to focus on legal action on the accusations
3- US subsidiary is audited by another auditor and they are planning to bring Deloitte for the audit of all its entities
4- Has won many new clients and are making significant development in exploring different geographies. (For ex- They have set up a office in Singapore for the same)
5- They will be addressing to all the rumors very soon in an appropriate manner and are very much aware of the accusations made on them.
6- Will be uploading US subsidiary financials in next 2 weeks.
My take- Did all my queries were satisfactorily answered? NO ! But next one month will be crucial to see as to what kind of communication is management putting forward to address the issues.