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Board of Garden Silk Mills approves for reference to BIFR

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Capital Market

At meeting held on 14 September 2016

Garden Silk Mills announced that the Board of Directors of the Company at its meeting held on 14 September 2016, confirmed the erosion of net worth and approved that a reference under Section 15(1) of the said act would be made to the Board for Industrial and Financial Reconstruction (BIFR) under prescribed Form A for determination of the measures which shall be adopted by the Company for revival of sickness.

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First Published: Sep 14 2016 | 6:05 PM IST

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