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As per Section 17 of the Insolvency and Bankruptcy Code, 2016 (Code), upon appointment of the Resolution Professional, the powers of the Board of Directors stands suspended and such powers shall be exercised by the Resolution Professional appointed for the Company. Hence, in this regard, pursuant to Regulation 30 and 33 of SEBI (Listing obligations and Disclosure Requirements) Regulation 2015, the Resolution Professional on Wednesday, February 13, 2019 has taken view of the Unaudited Financial results for the Quarter ended December 31, 2018, both Standalone & Consolidated as submitted by the Management and Auditors Limited Review Reports. The referred documents are enclosed. The meeting between the members of the management and the Resolution Professional commenced at 3.00 PM and concluded at 4.50 PM. Further, Resolution Professional has given permission to the Management to comply, compliances under SEBI (LODR) Regulations 2015, vide his letter dated 13.02.2019 (enclosed).
Pdf Link: Mic Electronics Ltd. - Un-Audited Financial Results For The Quarter Ended 31.12.2018
Source : BSE - www.bseindia.com
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