Sharon Bio-Medicine has informed that India Factoring And Finance Solutions, from whom the Company has taken unsecured loan, had filed the case under U/S 433 and 434 of the Companies Act, 1956. Sharon has challenged the case in the Bombay High Court and asked the Honorable Court to dismiss the Petition as the same is devoid of any merit.
The above information is a part of company’s filings submitted to BSE.