|
| Exchange Disseminated Time | Core Emballage Ltd has informed BSE that due to reasons mentioned below, the Company is not in a position to publish the audited financial results for the quarter / year ended on March 31, 2009 which is required to be published on or before June 30, 2009. The reasons for such non-publication of audited financial results are :-
1. In the financial year 2008-2009 the Hon'ble High Court of Gujarat has sanctioned the scheme of Compromise in the nature of de-merger of manufacturing unit. This scheme came into effect from January 16, 2009.
2. The Hon'ble High Court of Gujarat ordered all of employees have been transferred into the resulting Company immediately on the effective date as mentioned above.
3. The Company has recruited new staff who can look after the accounts and other departments of the Company.
4. To settling down in the affairs of the Company by newly recruited staff is a time consuming process and various accounting entries are required to be made for giving effect to such de-merger scheme. |
|
|