KLG SYSTEL LTD. - Updates on Financial Result and A G M
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| 24 Oct 2013 | |
| KLG Systel Ltd has informed BSE that :<br/><br/>"The Bankers of the Company have stopped all the operation from December 31, 2012 and subsequently the company operations have stopped from March 31, 2013.<br/><br/>The company has only one director i.e. Mr. Kumud Goel as Mr. Vijoy Kumar director of the company has resigned from the directorship from July 22, 2013.<br/><br/>The Bankers of the Company i.e. State Bank of India, IDBI Bank Ltd., IFCI Ltd. has taken the action U/s 13(2) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 against the company. And Vendors i.e. Bank of New York Mellon, London Branch on behalf of Goldman Sach International, Areva TandD India Ltd., Epcos India Pvt. Ltd. have filled the petition for liquidation in the Hon'ble High Court of Punjab and Haryana at Chandigarh. The petition has been accepted and statutory advertisement released in News Papers. We are given to understand that Provisional Liquidator shall be appointed shortly.<br/><br/>As a result company is unable to make any Financial Quarterly Result of 1st Quarter ended and 2nd Quarter ended 2013 and also cannot make any statutory compliance of Stock Exchanges and also unable to conduct the Annual General Meeting because there is no staff in the company and Bankers of the company has already frozen the company accounts." | |
| View all announcements for KLG SYSTEL LTD. | Source: BSE India |
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