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Jul 20, 2013, 05.40 PM IST | Source: Moneycontrol.com

Zenith Infotech to file reference with BIFR

Zenith Infotech has informed BSE that the Board of Directors on July 19, 2013, has transacted the following: The Board of Directors have formed an opinion to make a reference to the Board for Financial and Industrial Reconstruction (BIFR), as accumulated losses have exceeded the net worth

Zenith Infotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 19, 2013, inter alia, has transacted the following:- The Board of Directors of the Company have formed an opinion to make a reference to the Board for Financial and Industrial Reconstruction (BIFR) pursuant to the provisions of Sec 15(1) of the Sick Industrial Companies (Special Provisions) Act, 1985, as the accumulated losses have exceeded the Net worth of the Company as per the Audited Financial Results as at June 30, 2013.Source : BSE

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