Dion Global Solutions Ltd has informed BSE that The Honble High Court of Delhi vide its order dated December 20, 2012 had approved the Companys petition for writing off its accumulated losses as at March 31, 2012 against the Share Capital and Reserves & Surplus of the Company as at that date and the said Order along with form of Minute as approved by the Honble High Court got registered with the Registrar of Companies, NCT of Delhi & Haryana on February 19, 2013.
Thus, to give effect to the Order, the Audited Annual Accounts of the Company as at March 31, 2012 (as adopted by the Members at the Annual General Meeting ('AGM') of the Company held on December 20, 2012) have been re-stated to the extent necessary and certain other consequential changes have also been made in the Directors Report and Management Discussion & Analysis Report as adopted by the Members at the AGM held on December 20, 2012.
In this regard, the Company has submitted to BSE a copy of the Revised Annual Report of the Company for the financial year 2011-12.
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