Sainik Finance & Industries has informed that the board of directors of the company has passed a board resolution on June 01, 2012 to suspend the production at the Cement Plant situated at 94-8 K.M. Milestone, Delhi-Jaipur, N.H. -8, Village-Jaliawas, Bawal (Rewari) with effect from June 01, 2012 which will culminate into, closure of cement plant with effect from July 31, 2012.
Further, the action committee comprising Satish Kumar Sharma, Dalip Nagar, Punit Ghai, Praveen Bharadwaj, Arjun Singh Rathore and Chandra Datt, constituted to take all legitimate steps in relation to suspension of production of/ disposal of the cement plant on behalf of the company.
The above information is part of company’s filing submitted to the BSE.
