GHCL Ltd has informed that the Board of Directors of the Company at its meeting held on March 24, 2008, inter alia, has considered and approved the following:
1 Inprinciple approval for restructuring of the Company and authorization for working out detail plan of restructuring including seeking in-principle approval of stakeholders and lenders, appointment of advisors / consultants, drafting of scheme etc.
2. Publication of audited financial results for the entire financial year with in a period of three months from end of financial year i.e. upto June 30, 2008.
1 Inprinciple approval for restructuring of the Company and authorization for working out detail plan of restructuring including seeking in-principle approval of stakeholders and lenders, appointment of advisors / consultants, drafting of scheme etc.
2. Publication of audited financial results for the entire financial year with in a period of three months from end of financial year i.e. upto June 30, 2008.
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