Extension of Time for holding A G M

| Updated on October 12, 2012 Published on October 12, 2012

Regency Ceramics Ltd has informed BSE that the Company has obtained extension for conducting its Annual general Meeting FY 2011-12 from the Registrar of Companies, Andhra Pradesh upto December 31, 2012. The Company was unable to complete the finalization of accounts and audit process FY 2011-12 within the prescribed time due to the huge damage caused by labour at its factory premises and the consequent lock-out. The un-audited results for the quarter/year ended March 31, 2012 were prepared without considering the effect of the loss/damage to stocks, raw material, work- in process, plant machinery, buildings and other assets of the Company. The assessment of loss and valuation of the assets post damage required time and hence the extension. We shall hence, complete the audit process and conduct the AGM within the time period of extension, as per the provisions of the Companies’ Act, 1956.

Source : BSE - >www.bseindia.com

Published on October 12, 2012
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