Bengaluru, Aug 2 (TIWN) Coffee Day Enterprises, which lost its founding chairperson V.G. Siddhartha earlier in the week, has postponed the announcement of its quarterly earnings for the first quarter of 2019 which was scheduled to be announced on August 8.

In a statement on Friday, the company said that although adequate steps had been taken to complete the quarterly review in time, owing to "recent developments", the review and subsequent preparation of the financial results for the quarter ended June is not expected to be completed by the stipulated time.  "Due to certain unavoidable circumstances, the board of directors shall not consider the financial results on a standalone and consolidated basis along with the limited review report (collectively quarterly financial results) of the company and its subsidiaries for the quarter ended June 30, 2019, in the meeting of the board of directors of the company to be held on August 8, 2019," the statement said.