News Announcement

Gloster: Announcement under Regulation 30 (LODR)-Acquisition


We hereby wish to inform you that National Company Law Tribunal (Kolkata Bench) (NCLT) vide its order dated July 4 2019 has approved the resolution plan submitted by Gloster Limited for acquisition of Network Industries Limited under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code 2016 (IBC).

This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

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