Binani Industries Gets 3-Month Extension For AGM Till Dec. 31
An Indian laborer stamps on a pile of cement bags at a building site in Gurgaon, India. (Photographer: Adam Ferguson/Bloomberg News)

Binani Industries Gets 3-Month Extension For AGM Till Dec. 31

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Binani Industries Ltd. on Friday got a three-month extension from the Registrar of Companies for its annual general meeting till Dec. 31.

“The company had made an application to the RoC (West Bengal) for grant of extension of time for holding the AGM. The RoC has granted the extension of time to hold the annual general meeting up to Dec. 31, 2019,” Binani Industries said in a BSE filing.

In May, Binani Industries had informed to defer announcement of its financial statements for the fourth quarter and the financial year 2018-19 citing inability to obtain audited accounts of some of its subsidiaries.

Last year, Binani Industries had lost Binani Cement in the insolvency proceeding after its flagship firm was dragged by its lenders to the National Company Law Tribunal as it defaulted in loan payments.

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