Board approved temporary suspension of manufacturing operations due to income-tax search, GRAP-IV restrictions, RSPCB consent amendment, and 25% power tariff hike.
Appointed Ernst & Young as professional advisors and Menon & Associates as legal advisors for revival and restructuring efforts.
Authorized engagement with Axis Bank, YES Bank, and HDFC Bank for moratorium, restructuring, and fresh credit facilities.
Noted resignation of Company Secretary Bharti Chitkara and approved interim financial arrangements via Bhiwadi Iron Private Limited.