Atlas Cycles (Haryana) has informed that Ishwar Das Chugh, Whole Time Director of the Company is restrained to act as Whole Time Director of the Company till passing of further order by the Court of Surender Kumar, Additional Civil Judge (Senior Division), Sonepat before August 29, 2016. Otherwise this restraint will be automatically revoked. This information is based on the Order passed dated August 08, 2016 by the Court of Surender Kumar, Additional Civil Judge (Senior Division), Sonepat in the matter of Sanjay Dhawan Versus Atlas Cycles (haryana) and another having civil suit no. 117 of 2016 dated July 11, 2016 where Sanjay Dhawan a shareholder of the Company has approached to District Court, Sonepat for permanent restrainment of Ishwar Das Chugh from acting as Whole time Director of the Company.
The above information is a part of company’s filings submitted to BSE.