Outcome of Board Meeting
1.Approval for the Rights Issue for an amount not exceeding Rs.50 Crores. 2.Appointment of Lead Merchant Bankers 'SPA Capital Advisors Ltd' for the Rights Issue. 3.Raising of Unsecured Loans from the Promoters of the Company for an amount not exceeding Rs.20 Crores. 4.Conducting Postal Ballot for conversion of Unsecured Loans from the Promoters into Equity through the Rights Issue. 5.Update on Howrah plant: The Company intends to restart...07-04-2017