Corporate Insolvency Resolution Process. Amluckie Investment Company Ltd., Company Appeal (AT) (Ins.) No. 244 of 2024. The company is under Corporate Insolvency Resolution Process (CIRP) since 1st February 2024.
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact
Admission or rejection of the application by the tribunal
Statement on impact of Audit Qualifications (for Audit Report with modified opinion). Disclosure of the Impact of Audit qualifications by the Listed Entities prescribed. impact of Audit Qualifications (for Audit Report with modified opinion) to be submitted along with Annual.
Why it matters
CapitSignal interpretation
A qualification means the auditor could not sign off on part of the accounts, so the reported figures are not fully attested.
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Governanceauditor qualification
As filed
Outcome of Board Meeting
Why it matters
CapitSignal interpretation
A qualification means the auditor could not sign off on part of the accounts, so the reported figures are not fully attested.
What happened
Fact
Statement on impact of Audit Qualifications (for Audit Report with modified opinion). Disclosure of the Impact of Audit qualifications by the Listed Entities prescribed. impact of Audit Qualifications (for Audit Report with modified opinion) to be submitted along with Annual.
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Corporate Insolvency Resolution Process. Amluckie Investment Company Ltd., Company Appeal (AT) (Ins.) No. 244 of 2024. The company is under Corporate Insolvency Resolution Process (CIRP) since 1st February 2024.
Production and sales volumes are the operating data behind the next set of reported numbers.
What happened
Fact
Monthly Business Updates. o Agri-Sector Leadership (Tractors): Amidst a robust rural recovery (industry average -19%o), SSWL. its highest-ever monthly sales in the Aluminium (Atloy) segment, growing by l5'/.
Litigation creates a contingent liability that is not in reported profit until it crystallises.
What happened
Fact
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company. In response to the civil writ petition filed by the Bansal Steel & Power Limited. Income Tax Demand of Rs. 21.37 Million along with Interest of Rs.10.69 Million for Assessment Year.
Existing holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
What happened
Fact
Approved the following terms of the Rights Issue. (b) Total number of Rights Equity Shares and Rights Issue size: 1,06,62,786 Rights Equity Shares each. (c) Rights Issue Price: Rs. 150/- (Rupees One Hundred and Fifty Only) per Rights Equity Share fully paid.
