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ARVINDREM - Arvind Remedies News Story

₹4.65 0.0  0.0%

Last Trade - 13/06/16

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £93.3m
Position in Universe th / 3111

BRIEF-Arvind Remedies discusses restructuring request with banks through investors

Fri 27th November, 2015 2:54am
Nov 26 (Reuters) - Arvind Remedies Ltd  ARRE.NS : 
 * Discussed restructuring request with the banks through investor by sdr route 
   for which negotiations are going on 
 * Source text:Arvind Remedies Ltd has informed BSE that in the Board Meeting held on November 26, 2015, has discussed in detail reasons for the delay, the financial constraints through which the Company is passing through,and the restructuring request with the banks through investor by SDR route for which negotiations are going on. 
Board felt that instead of considering unaudited results for the quarters ended March 31, 2015 and June 30, 2015 to avoid the notice of suspension, since the audit is going on, it is advisable to come out with the audited results for these quarters, along with the unaudited financial results for the quarter ended September 30, 2015. After considering the status of audit, it was decided that next Board meeting be convened on December 10, 2015 and necessary intimation in this regard be sent to the Stock Exchanges. 
 * Further company coverage  ARRE.NS   
  ((Bengaluru Newsroom; +91 80 6749 1130))
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