Monday, March 24, 2008

GHCL - Outcome of Board Meeting

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.

No comments: