BPL has informed that the Board of Directors of the Company at its meeting held on November 09, 2015, have approved and noted the Hon’ble High Court of Kerala, Cochin, on September 09, 2015 approved a Scheme of Arrangement whereby the whole amount of Rs 184,09,28,868 available in the share premium account would be set off against the accumulated losses.
The above information is a part of company’s filings submitted to BSE.