Lime Chemicals - Outcome of Board Meeting
Lime Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 04, 2008, inter alia, has considered the audited accounts for the eleven months period ended February 29, 2008 and during the above period the Company has incurred a heavy losses and the net worth has been negative and the Company has become sick.
In view of the above the Board of Directors has decided to make a reference to the Board for Financial Reconstruction.
Tags: Lime Chemicals