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| Exchange Received Time 07/08/2017 21:12:39 Exchange Disseminated Time 07/08/2017 21:12:48 Time Taken 00:00:09 | Asalreadyinformedtoyou,corporateinsolvencyresolutionprocess(CIR) hascommencedinrespect oftheCompany undertheInsolvencyandBankruptcyCode,2016(IBC)videorderdated 18.07.2017 passedby Hon'ble National Company Law Tribunal(NCLT) AhmedabadBenchandNCLThasappointedMr.Ajay Joshi astheInterimResolutionProfessional(IRP) fortheCIRprocess. Aspersection17 oftheIBC, uponappointmentoftheIRP,powersoftheBoardoftheCompanystandssuspended andaretobeexercised bythe IRP appointedbytheCompany.The un-audited financial resultsoftheCompany for the quarterending 30.06.2017 togetherwiththelimitedreview report ofthestatutoryauditorsoftheCompanywillbecertified and signedbythe CFO of the Company andsubsequentlytakenonrecordbythe IRP onMonday,14.08.2017,andthereafterfiled withthestockexchanges. Furtheraspertheprovisions of the SEBI (ProhibitionoftheInsiderTrading)Regulations, 2015 for preventionofInsiderTradinginsecuritiesoftheCompany thetradingwindowshall remain closed from 7.08.17 to 15.08.17 (both days inclusive).
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