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| Exchange Disseminated Time | | Prag Bosimi Synthetics Ltd has informed BSE that on February 17, 2012, the Company have restarted its production. The plant was shut down for a period of 6 years; the Company has made settlement with the Financial Institutions, Banks and Insurance Companies through Corporate Debt Restructuring (CDR) Scheme under One time settlement as approved by CDR. The Company has complied with all the terms and conditions relating to the settlement of the CDR Scheme. The Company expect the production to be stabilized in next few days. The Company also expect that the capacity utilization will increase gradually in due course of time. |
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