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S&P
BSE SENSEX
73,088.33
+599.34
+0.83 %
Corporate Announcement
Security Code
500085
Company
Chambal Fertilisers & Chemicals Ltd
Exchange Received Time
11/07/2018 17:18:45
Exchange Disseminated Time
11/07/2018 17:18:53
Time Taken
00:00:08
ANNOUNCEMENT UNDER REGULATION 30 |
07/11/18 17:18
We would like to inform you that Inuva Info Management Private Limited, India ('Inuva') is a subsidiary of ISG Novasoft Technologies Limited which is downstream subsidiary of Chambal Fertilisers and Chemicals Limited ('Company'). Accordingly, Inuva is a downstream subsidiary of the Company.
We have been informed today by Inuva that its Board of Directors has approved voluntary winding up of Inuva under the provisions of Insolvency and Bankruptcy Code, 2016 subject to approval of shareholders and other requisite approvals.
Inuva is not having any business operations and as per its audited financial statements for the Financial Year 2017-18, the Income and Networth of Inuva were as under:
i)Income during the Financial Year 2017-18 - Rs. 2.66 Lakhs (0.0003% of the consolidated Income of the Company for the Financial Year 2017-18);and
ii)Networth as at March 31, 2018 - Rs. 16.41 Lakhs (0.0068% of the Consolidated Networth of the Company as at March 31, 2018).
We will keep you updated for further developments in this regard. You are requested to notify your constituents accordingly.
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