This is to inform you that the as per section 17 of the Insolvency and Bankruptcy code 2016, upon appointment of the resolution professional, the powers of the Board of Directors stands suspended and such powers shall be exercised by the Resolution Professional appointed for the company. Hence in this regard and Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Resolution Professional in respect to the intimation to respective stock exchanges dated 24.05.2018 for considering and approving the Audited Financials results for the quarter and Year ended on 31st March, 2018 has approved the financial results and duly signed by him.
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