Metallurgical coke producer Austral Coke & Projects, which has been barred by market regulator Securities and Exchange Board of India (Sebi) from raising fresh funds, today postponed its scheduled board meeting.

The meeting of the board of directors, to be held on September 3, stands postponed, Austral Coke & Projects said in a filing with the Bombay Stock Exchange.

BSE  |  NSE Price

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The Thursday's meeting was also expected to give its nod to the proposed bonus issue and increase the authorised capital.

On September 1, the Sebi prohibited Austral Coke and Projects from raising any further capital in any manner till further orders after the income tax department unearthed an alleged more than Rs 1,000 crore fraud in the company's transactions.

Shares of Austral Coke closed at Rs 45.65, down 4.90 from the previous close on the BSE.

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