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Gopala Polyplast informs about non submission of corporate governance report

08 Jul 2020 Evaluate

In reference to letter dated 6th May, 2019 intimating about initiation of CIRP in respect of the company (Corporate Debtor) under the provisions of Insolvency and Bankruptcy Code, 2016 ('Code') by order of National Company Law Tribunal ('NCLT') with effect from 2nd May, 2019 and the letter dated 15th July, 2019, 11th October, 2019, 4th January, 2020 and 9th May, 2020 intimating about non submission of Corporate Governance Report for the Quarter ended on 30th June, 2019, 30th September, 2019, 31st December, 2019 and 31st March, 2020 respectively due to suspension of the Board of Directors of the Company with effect froin the date of Order; Gopala Polyplast has informed that pursuant to Section 17 of Insolvency and Bankruptcy Code, 2016, the Board of Directors of the Company gets suspended with effect from the date of Order and at present the position is status quo. The Company is therefore, unable to file Corporate Governance Report for the quarter ended 30th June, 2020 under Reg. 27 of SEBI-LODR.

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

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