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ADHUNIK METALIKS LTD. - Outcome of Board Meeting
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01 Dec 2014
Adhunik Metaliks Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 29, 2014, inter alia, have transacted the following :&lt;BR&gt;&lt;BR&gt;1. Due to closure of various iron ore &amp; manganese ore mines and scarcity of coal, which has impacted the Company&apos;s and its subsidiary&apos;s business, the Board of Directors has decided to opt for debt restructuring and the same has also been decided by the lenders of the Company in its Joint Lenders Forum (JLF) meeting as Corrective Action Plan (CAP). Further the Board has decided that the Company will approach all its lenders through JLF for the same.
View all announcements for ADHUNIK METALIKS LTD. Source: BSE India