Tuesday, April 22, 2008

Polar Industries - Outcome Of Board Meeting

Polar Industries Ltd has informed that a meeting of the Board of Directors of the Company held on April 21, 2008, inter alia, to transact the following:

1. Audit and Remuneration Committees of the Board have been reconstituted.

2. M/s. K L Jaisingh & Co, Cost Accountants have been appointed as Cost Auditors of the Company for the Financial Year 2008-09.

3. Accepted the Debt Restructuring package as approved by Asset Reconstruction Company of India Ltd.

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