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Sirpur Paper Mills Ltd has informed that the Registrar of Companies, Hyderabad has granted extension of time for holding the company’s 76th Annual General Meeting for the financial year 2014-15 by three months.
In its order passed on September 21, 2015, the RoC has okayed the application made by the company, seeking extension of time for holding the AGM under special circumstances.
Accordingly, the financial statements for the year ended March 31, 2015 will be submitted to the stock exchanges as per the listing agreement in due course, the company informed the BSE.
The company is under severe financial stress and the Telangana Government has initiated discussions with lenders to revive the company and explore various options to ease its financial situation, including finding a suitor.
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