Nectar Lifesciences has informed that pursuant to Reserve Bank India had vide its circulars permitted one-time restructuring for the accounts which were standard as on march 01, 2020, the Board of Directors in its meeting held on today have decided to opt for the one-time restructuring of its debt and authorised the officers of the company to discuss and/ or finalize the one-time restructuring plan with the banks/ financial institutions and/ or to sign any agreement, document application or paper as is required to accomplish the said one-time restructuring.
The above information is a part of company’s filings submitted to BSE.
