Hinduja board to decide on going to BIFR

Hinduja Foundries will hold a board meeting on December 28 to consider reporting on its status to the Board for Industrial and Financial Reconstruction. This gorras new era baratas comes on erosion of 50 per cent or more of the company peak net worth during the last four financial years by gorras new era its accumulated losses as at September 30, 2012, said the company in a notice to the BSE.

This is pursuant to Section red bull gorras 23 of the Sick Industrial Companies (Special Provisions) Act, 1985.

According to the company annual report, cheap snapbacks the net worth for 201112 (18 months period ended September 30, 2012) was Rs 185 crore, down from Rs 408 wholesale hats crore in FY 201011. (The company had extended its financial year 201112 up to September 2012.) Borrowed cheap new era hats funds stood at Rs 673 crore (Rs 570 crore). According to rating agency ICRA, Hinduja Foundries in obey snapback hats wholesale financial profile has led to a erosion of the company net worth.

(This article was published on December obey snapbacks hats 20, 2012)

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