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Outcome of board meeting of Stewarts & Lloyds of India

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Held on 12 June 2014

Stewarts & Lloyds of India announced that the Board of Directors of the Company at its meeting held on 12 June 2014, called by a shorter notice has decided to refer the Company to the Board for Industrial and Financial Reconstruction (BIFR) due to the negative net worth in the Audited Balance Sheet for the year ended 31 March 2014.

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First Published: Jun 13 2014 | 10:24 AM IST

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