It states nothing of the kind. Black and white? It's ambiguous and open to interpretation, imo. It says: 'the ECT Group will have continued senior presence on the ground in India for 3 weeks out of every 4'. The context says that's AM they're talking about, and maybe it is. But then it could be any 'senior presence', couldn't it? And, in fact, it's irrelevant. What difference does is make if he's there or here - indeed, with no material news to report on anything India-wise, what is he doing in Chennai now that he can't be doing here? Maybe the company could update the market on the current progress?
Ann: Appendix 4E and Full Year Statutory Accounts, page-59
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