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| Exchange Received Time 07/04/2017 14:18:32 Exchange Disseminated Time 07/04/2017 14:18:33 Time Taken 00:00:01 | | 1. Approval for the Rights Issue for an amount not exceeding Rs.50 Crores. 2. Appointment of Lead Merchant Bankers 'SPA Capital Advisors Ltd' for the Rights Issue. 3. Raising of Unsecured Loans from the Promoters of the Company for an amount not exceeding Rs.20 Crores. 4. Conducting Postal Ballot for conversion of Unsecured Loans from the Promoters into Equity through the Rights Issue. 5. Update on Howrah plant: The Company intends to restart its Resin, Aluminum and Packaging facilities. Certain Government approvals are required for which Company is coordinating with respective Government departments. These facilities are expected to restart in Q2 FY 2017-18 after getting necessary approvals. 6. Update on Nashik plant: The Company is planning to restart its saved plant which includes Resin, Packaging and Aluminum facilities in Nashik in Q1 FY 2017-18. Certain Government approvals are required to restart these facilities, which are under process. |
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