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OCL Iron and Steel informs about outcome of board meeting

15 Nov 2021 Evaluate

With reference to its earlier intimation/announcement dated 9th November, 2021, OCL Iron and Steel has informed that the Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2021 and quarter and half year ended September 30, 2021 could not be considered and approved in the meeting which was held on 14 November, 2021, due to unavoidable problems reported by the corporate debtor. Hence, the (symbolic) audit committee / board meeting convened by the Interim Resolution Professional could not consider and approve the Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2021 and quarter and half year ended September 30, 2021 due to reported force majeure causes. The date of next meeting for the consideration of abovementioned financial results will be intimated in a due course.

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

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