Monnet Ispat & Energy has informed about Board of Directors of the Company at their meeting held on 11th July, 2017; has Approved Un-audited Financial Results for the quarter ended 30th June, 2017; has Recommended the appointment of APAS & Co, Chartered Accountant as Statutory Auditors of the Company for a period of 5 years from the conclusion of ensuing 27th Annual General Meeting till the conclusion of 32ndAGM of the Company to be held in 2022,subject to ratification of their appointment at every AGM, in place of the existing Statutory Auditors, O.P. Bagla & Co.,Chartered Accountants,the retiring Statutory Auditors; State Bank of India,the lead bank of the Company had initiated Corporate Insolvency Resolution process for Monnet Ispat & Energy under the Insolvency and Bankruptcy Code,2016. The State Bank of India has filed the petition in National Company Law Tribunal (NCLT), Mumbai, and the matter is under the consideration of the NCLT. The Board Meeting was commenced at 5:00P.M.and concluded at 07:55 P.M.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
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| SAIL | 175.05 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2107.15 |
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