Indian media company Eros Media World (NYSE:EMWP) has received a notice from the New York Stock Exchange that the exchange is preparing to delist the stock and suspend trading.
That comes from a staff determination issued because the company hadn't filed its annual report for the year ended March 31, 2021, or the semiannual report for the six months ended Sept. 30, 2021, by a deadline of Wednesday, Aug. 17, 2022.
The company also didn't file its annual report for the period ended March 31, 2022.
Eros Media World will request a review of the determination, and it points to the sale of its STX Entertainment film business.
That caused "complex financial reporting and other transition issues."