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Bartronics India informs about outcome of board meeting

13 Jun 2016 Evaluate

Bartronics India has informed that the Board of Directors of the Company at its meeting held on May 30, 2016, has taken cognizance of the debt (both Secured & Unsecured) on the books of the Company and in attempt to address this; it has unanimously agreed to make good efforts to settle the dues. In this context K. Udai Sagar, Managing Director of the Company, is hereby authorized to initiate, engage in discussions with identified investor in order to execute and enter into an agreement with the investor who would be willing to clear secured and un-secured debt on the books of the Company.

The above information is a part of company’s filings submitted to BSE.

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