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As already informed to the Exchange, Corporate Insolvency Resolution Process (CIRP) has commenced in respect of M/s. Ferro Alloys Corporation Limited (The Company) under the Insolvency and Bankruptcy Code , 2016 (IBC) by an order of the National Company Law Tribunal, Kolkata with effect from 6th July, 2017. As per Section 17 of the Insolvency and Bankruptcy Code , 2016 upon the appointment of the Resolution Professional (RP), the power of the Board of Directors of the Company stand suspended and such powers are to be exercised by the Resolution Professional (Mr. K.G. Somani) appointed for the Company. Pursuant to Regulation 29 and other applicable provisions, if any, of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to inform you that the Resolution Professional, on Tuesday 22nd May, 2018 will consider the Audited Financial Results of the Company for the quarter and year ended 31st March, 2018, duly authenticated and signed by the authorized officials of the Company as per the law. Subsequently, these financial results will be filed with the stock exchange. Further as per the policy of SEBI (Prohibition of Insider Trading) Regulations, 2015 and also as per the policy of the Company for Insider Trading, the trading window remains closed from 10th March, 2018 to 23rd May, 2018 (both days inclusive) for the purpose of declaration of Audited Financial Results for the quarter and year ended 31st March, 2018.
Source : BSE - www.bseindia.com
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