Outcome of Board Meeting

| Updated on March 10, 2018 Published on March 10, 2018

Ricoh India Ltd has informed BSE that it had already filed an Application under Section 10 of the Insolvency and Bankruptcy Code, 2016 to initiate Corporate Insolvency Resolution Process with Honble NCLT, Mumbai.

Keeping in view the same, the Board of Ricoh India Limited in its meeting held on March 09, 2018 have taken a decision that the Company at present is not in a position to honour its obligation to pay half yearly interest at the rate of 7% on Rs 200 Crores Non Convertible Debentures issued by the Company to Ricoh Asia Pacific Pte Limited (The Debenture Holder) listed on BSE Limited.

Pdf Link: Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on March 10, 2018
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