Updates
Tulsyan NEC Ltd has informed BSE that pursuant to decline in operating margins and blockage of receivables and consequent cash-flow mismatch in the Company, the Board of Directors at their meeting held on August 14, 2014 has decided to approach the Companys Bankers through the Corporate Debt Restructuring (CDR) process for re-alignment of the Companys debt obligations. As an outcome of the same, the Company has submitted its request to the lenders which is under their consideration.18-09-2014