On 03 April 2014
Gammon India will hold a meeting of the Board of Directors of the Company on 03 April 2014, inter alia, to consider the following:The issue of Convertible Securities on preferential basis to promoters /entities against their contribution made towards promoter contribution as envisaged under the Corporate Debt Restructuring (CDR) Scheme approved on 24 June 2013 and pursuant to the Master Restructuring Agreement dated 24 September 2014 executed by the Company with the CDR Lenders.
2. To consider various options of restructuring of the Company/Gammon Group.
The above two businesses shall be subject to necessary approvals as required from the CDR lenders/ CDR - EG and all other permissions, approvals and sanctions required under various applicable laws.
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