Pursuant to the Regulation 30 of the SEBI(LODR) Regulations 2015 this is to inform you that in accordance with the provisions of the Insolvency and Bankruptcy Code 2016 the power of existing directors have been suspended with immediate effect on the insolvency commencement date i.e. 28.12.2018. Further the Liquidation process has been completed and the successful bidder has taken over the company. Hence. Mr. Vivek Madhukar Pingle ceased to be Non-executive director of the Company with effect from 16.01.2024.
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