Stock Market India, Paisacontrol.com

The profit and loss statement showed that figures for accretion in stock and that of other income had been swapped,

By October 25, Security Exchange Board of India has reportedly asked Coal India Ltd., to present all investors an exit option, as the Company's profit and loss account in the Initial Public Offer document contained errors.


According to the report, the profit and loss statement demonstrates that figures for accretion in stock and that of other income had been swapped.


A.K. Sinha, Coal India’s director of finance was quoted as saying that "The mistake was in the standalone statement and occurred because the documents were printed in a hurry".