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| Exchange Received Time 02/05/2018 18:14:19 Exchange Disseminated Time 02/05/2018 18:14:24 Time Taken 00:00:05 | Please be informed that the Board of Directors of the Company, at its Meeting held on Wednesday, 2 May 2018 has inter-alia:
1. Approved the Audited Standalone and Consolidated Financial Results of the Company for the financial year ended 31 March 2018, in the specified format along with the Auditors' Report thereon, pursuant to the provisions of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
Pursuant to SEBI Circular No. CIR/CFD/CMD/56/2016 dated 27 May 2016, the Company hereby declares that the Statutory Auditors, M/s Singhi & Co., Chartered Accountants, have issued the Audit Reports on the Standalone and Consolidated Financial Results of the Company for the financial year ended on 31 March 2018 with modified opinion. The Statement on Impact of Audit Qualification is enclosed.
2. Noted that consequent to allotment of new equity shares by VISA SunCoke Limited (VSCL) it ceases to be the subsidiary of the Company.
3. Reviewed the status of Scheme of Arrangement between the Company and VISA Special Steel Limited and its respective shareholder & creditors.
The Meeting commenced at 1300 Hours and concluded at 1715 Hours.
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