Upon implementation of the Approved Resolution Plan the entire existing share capital of Company shall be cancelled and extinguished for NIL consideration by virtue of the NCLT Approval Order such that IIHL and/or the Implementing Entity and its nominees are the only shareholders of the Corporate Debtor. In view of the above the Company has applied to the Ministry of Corporate Affair (MCA) Maharashtra seeking an extension of time from September 30 2024 to December 31 2024 for convening the 37th Annual General Meeting of the company for the accounting year 2023-24
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