ALSO READReliance Infra issues Rs 5,440 crore arbitration notice against Pipavav Defence promoters RInfra slaps arbitration notice on Pipapav Defence promoters SKIL Infrastructure issues notice for breach of purchase agreement SKIL Infrastructure reports standalone net loss of Rs 75.24 crore in the December 2017 quarter Weak market breadth
Held on 16 April 2018The Board of SKIL Infrastructure at its meeting held on 16 April 2018 transacted the following -
Approved to extend securities and execute relevant deeds, documents to Orange Smart City Infrastructure (OSCIPL) for the purpose of availing Term Loan facility of Rs.725 crore (Increase from Rs.150 crore) by them.
Noted that Pipavav Electronic Warfare Systems, a whollyowned subsidiary of the company has submitted an application to the Registrar of Companies, Mumbai (RoC) for striking-off of the name under the Fast Track Exit Mode. The strikingoff of the said wholly owned subsidiary is not expected to have any material impact on the financials of the Company.
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