Stewarts & Lloyds of India informs about outcome of Board Meeting

Stewarts & Lloyds of India has informed that the Board of Directors of the Company at its meeting held on June 12, 2014, called by a shorter notice has decided to refer the Company to the Board for Industrial and Financial Reconstruction (BIFR) due to the negative net worth in the Audited Balance Sheet for the year ended March 31, 2014.

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