HIMALYA INTERNATIONAL LTD. - Updates on Outcome of Board Meeting
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| 02 Nov 2014 | |
| With reference to the earlier announcement dated October 31, 2014 regarding Outcome of Board Meeting held on October 30, 2014, Himalya International Ltd has now informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2014 reviewed and approved as under:-<br/><br/>1. The Managing Director informed about the conclusion of Debt Restructure by the lending Institutions and the same was approved by the Board. Banks have sacrificed an amount of Rs. 13.21 crores for the period of Debt Restructure.<br/><br/>2. The Managing Director also explained the steps being taken for strong revival of the units and assured the Board of complete turn around within next six months. The Board expressed satisfaction on the steps being taken.<br/><br/>3. Board approved and allotted 2,047,074 shares to Himalaya International Inc. on conversion of warrants. | |
| View all announcements for HIMALYA INTERNATIONAL LTD. | Source: BSE India |
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