Troubled winemaker, Indage will hold its annual general meeting for the financial year 2008-09 on August 19, the company said in a filing to the stock exchanges today. It is to be noted that the company is undergoing debt restructuring for which it had submitted a debt-repayment plan end-July in the Bombay High Court.
The company had a total debt of Rs 400 crore as on 31 March, 2010.
Earlier this year, Indage had informed the Bombay High Court that its managing director Ranjit Chougule and other members of his family would invest Rs 75 crore in a deal led by ICICI Bank, IndusInd Bank, Allahabad Bank, UCO Bank, IDBI Bank and Bank of Rajasthan.
The shares of Indage were down 1.5 per cent today during afternoon trade. Shares were hovering in the region of Rs 29.60 a share.