SHREE BHAWANI PAPER MILLS LTD. - Board Meeting-Outcome of Board Meeting

We hereby inform you, that, the Application of the Company under Section 10 of Insolvency & Bankruptcy Code, 2016 to initiate Corporate Insolvency Resolution process before Hon'ble National Company Law Tribunal, Allahabad has been admitted on 13th February, 2018, and accordingly Interim Resolution Professional has been appointed. Accordingly, Corporate Insolvency Resolution Process has been initiated.<BR> <BR> As all the powers of the Board has been suspended, hence the Board Meeting for consideration of Unaudited financial Results for Quarter ended 31/12/2017 could not be held today. <BR> <BR> This is for your kind information<BR> <BR>