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| Exchange Disseminated Time | Hotel Leelaventure Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 13, 2014, inter alia, have considered and approved the following:
1. Reworking of Corporate Debt Restructuring package
The Board reviewed the status of implementation of the Corporate Debt Restructuring (CDR) package and the current financial position. The Board noted that if the sale of assets as envisaged in the CDR package does not take place, the Company will have to apply for revision in the package.
2. Change in Directorate
Mr. M. Narasimham, Independent Director, has tendered his resignation in view of his ill health. The Board has accepted his resignation with effect from February 13, 2014.
The Board placed on record its deep appreciation for the valuable contributions of Mr. M. Narasimham during his long tenure with the Company. |
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