IMEC Services Ltd

We wish to inform you that the Honble NCLT Mumbai Bench by an oral order pronounced on June 262023 approved the Resolution Plan of Companies Subsidiary i.e. RSAL Steel Private Limited under Section 31 of IBC as amended.The written order of Honble NCLT is awaited.Upon receipt of the certified true copy of the Order of NCLT and implementation of Resolution Plan by the Resolution Applicant RSAL Steel Private Limited will cease to be the subsidiary of IMEC Services Limited and the Company shall not have any control over the affairs/management of RSAL Steel Private Limited.