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| Exchange Disseminated Time | Shree Rama Multi-Tech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2006, inter alia, has transacted the following business:
1. Taken on record the Notice from Asset Reconstruction Company (India) Ltd under section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) to make payment of the aggregate amount of Rs 260,31,62,881/- within a period of 60 days from the date of this Notice.
2. Decided to appeal against the Order issued by the Office of the Commissioner of Central Excise (Adjudication), Ahmedabad against the Company, its employees and its Directors and also proceed as per the Appellate Orders issued by the Commissioner of Income Tax (Appeals) against the Company under the provisions of Income Tax Act, 1961, wherein the Appeal has been partly /fully allowed.
3. Taken on record the extension of interim injunction granted by the Hon’ble High Court of Gujarat restraining the issue of equity shares to allottees of Warrants upto February 06, 2006 and granted necessary authority for defending the Company in the matter. |
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