Under Sick Industrial Companies Act
Cimmco announced that as stipulated and in compliance with the provisions of Section 23 of the Sick Industrial Companies (Special Provisions) Act, 1985, the Company has reported ondate to the Hon'ble Board for Industrial and Financial Reconstruction (BIFR) that based on the audited Balance Sheet as on 31 March 2015, the peak net worth in the immediately preceding 4 (four) financial years stood eroded by more than 50%.Powered by Capital Market - Live News