Tantia Constructions has informed that the Board of Directors of the Company at its meeting held on November 14, 2015, has approved striking off name of wholly owned subsidiary Tantia Batala-Beas Tollway through Fast Track Exit (FTE) mode since the Company is non-operational since incorporation; and private placement of equity shares amounting to Rs 21 Crores to promoters of the Company through postal ballot. The promoters of Company had given an unsecured loan of Rs 21 Crores to Company as per the terms of CDR Scheme approved by CDR Cell.
The above information is a part of company’s filings submitted to BSE.
