STONE INDIA LTD. - Outcome of Board Meeting

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14 Feb 2019
The Board of Directors of the Company at their meeting held on 14.02.20199 has taken a note on the current state of affairs of the Company. The Board has also note that the Company was released from Insolvency and Bankruptcy Code, 2016(IBC) vide Order dated 8th January, 2019 of Hon''ble NCLAT, New Delhi, which was admitted for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of IBC by the Hon''ble NCLT, Kolkata Bench vide Order dated 17th July,2018.<BR> The Board further took note that since the financial information could not be compiled in absence of access to the computerized financial system due to temporary closure of the factory and office including during CIRP period as mentioned above, the quarterly results for the earlier periods including current quarter ended 31.12.2018 could not prepared and placed before the meeting. The Company is making sincere efforts towards normalization of its operation and the aforesaid results will soon be prepared thereafter.
View all announcements for STONE INDIA LTD.	Source: BSE India

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