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Outcome of board meeting of Parekh Aluminex

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Capital Market

At meeting held on 04 February 2015

Parekh Aluminex announced that the Board of Directors of the Company at its meeting held on 04 February 2015, have considered the following transactions:

1. The Board of Directors of the Company considered the accounts of the Company for the period 01 April 2012 to 30 September 2013.

2. The Board of Directors of the Company have accepted the resignation of Alok Agarwal from the directorship of the Company.

3. The Board of Directors of the Company have in order to comply with the terms of the Corporate Debt Re-structuring Scheme sanctioned by the Corporate Debt Re-structuring Cell, approved the conversion of loans to equity shares which are required to be pledged to the lenders as per the terms of the approved CDR.

 

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First Published: Feb 23 2015 | 5:42 PM IST

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