Brief: Himalya International to consider asset reconstruction plan

Himalaya Food International

18/07/2016 12:39

July 18 (Reuters) - Himalya International Ltd  HIMA.BO : 
 * To consider appointment of Man Mohan Malik as chairman cum managing director 
   of the company 
 * To consider asset reconstruction plan 
 
 * Source text: Himalya International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 25, 2016, to consider the followings: 
 
1. To consider un-audited results for the quarter ended June 30, 2016. 
 
2. To Consider Asset Reconstruction plan under provision 391 - 394 to the Companies' act 1956 and subsequent provision in Companies Act, 2013. Subject to in principle approval from all stakeholders along with Creditors and Bankers. To appoint Mr. Man Mohan Malik Chairman cum Managing Director of the Company and SPA Capital Advisor Ltd merchant banker & other professional agencies appointed for the Process of this Reconstruction and arrangement application to High Court of Delhi and other respective Govt. Agencies Like SEBI & Others. 
 
3. To approve Annual Report 2016 and approve and finalizing Notice for conducting 25th AGM on September 14, 2016. 
 
4. To consider all options on mitigating the losses of the Company in Singapore High Court said in favour of the Company. 
 
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