Cimmco has informed that as stipulated and in compliance with the provisions of Section 23 of the Sick Industrial Companies (Special Provisions) Act, 1985, the Company has reported on date to the Hon’ble Board for Industrial and Financial Reconstruction (BIFR) that based on the audited Balance Sheet as on March 31, 2015, the peak net worth in the immediately preceding 4 financial years stood eroded by more than 50%.
The above information is a part of company’s filings submitted to BSE.
