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| Exchange Received Time 30/01/2018 18:17:58 Exchange Disseminated Time 30/01/2018 18:18:03 Time Taken 00:00:05 | We hereby inform you that the Board of Directors at its meeting held today i.e. January 30, 2018 has, inter alia reviewed and approved the followings:
1. Unaudited Standalone Financial Results for the quarter and nine months ended December 31, 2017 alongwith Limited Review Report submitted by the Statutory Auditors of the Company (enclosed);
2. Appointment of Shri Raj Narain Bhardwaj as an Independent Director of the Company with effect from January 30, 2018.
The information required under Regulation 30 of Listing Regulations is provided in the enclosed Annexure I.
3. Modified Refinancing Scheme ('Scheme') with the Lenders of the Company and consequent (a) Issuance of Compulsorily Convertible Debentures ('CCDs'), Compulsorily Redeemable Preference Shares ('CRPSs'), Secured Non-Convertible Debentures ('NCDs') and (b) Convening Extraordinary General Meeting for the said purpose.
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