Orchid Chemicals & Pharmaceuticals has informed that the Board of Directors of the Company at its meeting held on March 14, 2014, has accepted the Letter of Approval (LOA) dated March 10, 2014 issued by Corporate Debt Restructuring Empowered Group (CDR EG) approving the Corporate Debt Restructuring proposal submitted by the Company. In this regard, the Company has submitted a copy of Press Release dated March 14, 2014 titled 'CDR Package Approval'.
The above information is a part of company’s filings submitted to BSE.
