Paras Petrofils: Outcome of board meeting

Paras Petrofils at its meeting held on March 09, 2013, made a detailed discussion on the current financial position of the Company and the expected market scenario in the coming months and also the effect of the same on the Company’s performance.

March 11, 2013 / 08:50 IST

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Paras Petrofils Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 09, 2013, has taken the following decisions:1. The Board made a detailed discussion on the current financial position of the Company and the expected market scenario in the coming months and also the effect of the same on the Company’s performance.2. Looking at the current financial position of the Company as well as expected market scenario, the Board has decided to temporarily suspend the manufacturing operations of the Company for an uncertain period.Source : BSE

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first published: Mar 11, 2013 08:50 am

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