Schlafhorst Engineering out of BIFR purview

Schlafhorst Engineering India Ltd has announced that BIFR at the hearing held on May 17, 2007, has passed an Order that the Company has ceased to become a 'sick industrial Company', within meaning of Section 3(1)(0) of the Act and has been discharged from previous of SICA / BIFR.

Further the Company has informed that, in the said Order BIFR has also passed an Order about discharge of Mr. P K Banerji as a Special Director with immediate effect.

The stock closed the day at Rs.20.60, up by Rs.0.95 or 4.83%. The stock hit an intraday high of Rs.20.60 and low of Rs.20.60. The total traded quantity was 19400 compared to 2 week average of 56060.

Source : Equity Bulls

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