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| Exchange Received Time 29/05/2017 18:44:59 Exchange Disseminated Time 29/05/2017 18:45:04 Time Taken 00:00:05 |
This is to inform that the Board of Directors of the Company at its meeting held today, inter alia, had approved the following:-
i.Audited standalone financial results of the Company for 4th quarter ended on March 31, 2017;
ii.Audited standalone & consolidated financial results for financial year ended on March 31, 2017;
iii.Restructuring/conversion of security, provided to a bank for HOV Environment Solutions Private Limited, its subsidiary company, into loan of amount not exceeding ? 10 Crore to said subsidiary, subject to shareholders' approval;
iv.Appointed M/s. BAGARIA & Co., Chartered Accountants as Statutory Auditors, subject to shareholders' approval, in place of Lodha & Co., the retiring auditors from the conclusion of ensuing 29th annual general meeting;
v.Accepted the resgination of Mr. Parvinder S Chadha, as a Director of the Company;
vi.To convene 29th Annual General Meeting on September 1, 2017; and
vii.The Register of Members and Share Transfer Books of the Company will remain closed from August 29, 2017 to September 1, 2017 (both days inclusive) for the purpose of 29th AGM.
Please find enclosed the audited financial results along with Auditors' report. The Report of the Auditors is with unmodified opinion with respect to the Audited Financial Results (Standalone and Consolidated) of the Company for the year ended March 31, 2017.
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