SREE SAKTHI PAPER MILLS LTD. - Outcome of Board Meeting
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| 31 May 2016 | |
| Sree Sakthi Paper Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2016 has transacted the following:<BR><BR>1. Adoption of Annual Accounts:<BR><BR>Approval of Annual Accounts for the quarter and year ended March 31, 2016 was deferred by the Board to June 30, 2016. The Board observed that, it was practically unable to finalise the Accounts as a result of turnout of staff in accounts department labour unrest, resignation of Mrs. Usha Venugopal, Chief Financial Officer in April 2016 and fresh appointment of Mrs. Deepa Praveen, Chief Financial Officer 12 days prior to the date of finalisation of accounts. Therefore the Board has requested BSE for granting extension of time for finalising the accounts for the year ended March 31, 2016 and to condone the delay in publishing the same.<BR><BR>2. Sale of Factory land at Chalakkudy:<BR><BR>The Board approved the Tender Bid received for the sale of factory land at Chalakkudy unit at Rs. 10.5 crores subject to the approval of Shareholders in General Meeting through Postal Ballot. | |
| View all announcements for SREE SAKTHI PAPER MILLS LTD. | Source: BSE India |
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