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BSE Prices delayed by 5 minutes... Prices as on Jan 23, 2018 - 2:57PM   ABB India 1619 [ 1.34% ]ACC 1792.05 [ -2.03% ]Ambuja Cements Ltd. 263.55 [ -1.95% ]Asian Paints Ltd. 1167.7 [ -0.76% ]Axis Bank Ltd. 616 [ 0.81% ]Bajaj Auto Ltd. 3284.15 [ 0.37% ]Bank of Baroda 172.45 [ 4.52% ]Bharti Airtel 491.95 [ 0.46% ]Bharat Heavy Ele 104.35 [ 0.00% ]Bharat Petroleum 478.25 [ 2.02% ]Britannia Ind. 4741.85 [ 0.80% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 620 [ 3.14% ]Coal India Ltd. 292.2 [ 2.76% ]Colgate Palm. 1152.25 [ -1.63% ]Dabur India 361.85 [ -0.36% ]DLF Ltd. 258.6 [ 2.80% ]Dr. Reddy's Labs 2522.2 [ 1.23% ]GAIL (India) Ltd. 469 [ 2.60% ]Grasim Inds. 1222.05 [ -1.26% ]HCL Technologies 996.45 [ 3.03% ]HDFC 1875.95 [ 0.10% ]HDFC Bank 1953.05 [ -0.55% ]Hero MotoCorp 3620 [ 0.48% ]Hindustan Unilever L 1359.5 [ 0.17% ]Hindalco Indus. 265.7 [ 4.16% ]ICICI Bank 362.6 [ 3.22% ]IDFC L 58.2 [ -0.34% ]Indian Hotels Co 156.5 [ 3.75% ]IndusInd Bank 1715.9 [ 1.95% ]Infosys 1176.3 [ 2.26% ]ITC Ltd. 276 [ 0.97% ]Jindal St & Pwr 291.4 [ 10.53% ]Kotak Mahindra Bank 1076.4 [ 0.48% ]L&T 1408.2 [ 0.66% ]Lupin Ltd. 937.95 [ 0.90% ]Mahi. & Mahi 765 [ 0.68% ]Maruti Suzuki India 9369.95 [ 0.68% ]MTNL 26.3 [ 0.77% ]Nestle India 7600.25 [ -0.76% ]NIIT Ltd. 108.95 [ -0.46% ]NMDC Ltd. 150 [ 4.06% ]NTPC 172.85 [ 0.29% ]ONGC 206.2 [ 3.13% ]Punj. NationlBak 185.7 [ 5.63% ]Power Grid Corpo 195.9 [ 0.46% ]Reliance Inds. 979.35 [ 0.84% ]SBI 318.55 [ 4.02% ]Vedanta 343.9 [ 5.30% ]Shipping Corpn. 87.65 [ -2.50% ]Sun Pharma. 579.1 [ 0.49% ]Tata Chemicals 737.1 [ 0.41% ]Tata Global Beverage 307.3 [ -0.61% ]Tata Motors Ltd. 417.75 [ -0.90% ]Tata Steel 778 [ 3.44% ]Tata Power Co. 92.35 [ 0.49% ]Tata Consultancy 3095.65 [ -0.56% ]Tech Mahindra Ltd. 588.05 [ 3.25% ]UltraTech Cement 4355.85 [ 0.60% ]United Spirits 3766 [ -0.39% ]Wipro Ltd 316 [ -1.50% ]Zee Entertainment En 596 [ -2.16% ]

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Venus Remedies L - Updates 12/01/2018 20:00

Venus Remedies Limited has informed the Exchange that 'Export-Import Bank of India (EXIM) has unilaterally declared Venus Remedies Limited and its directors as 'Wilful Defaulters'. In this regard it is pertinent to mention that the said action on the part of EXIM bank is arbitrary, unjust, contrary to facts and thus illegal since the same has been taken against principles of natural justice. Further, it is relevant to state that the CDR was approved as per RBI?s circular BRI/2013-14/503 dated 26.2.2014 which mandates that only those accounts which are not a willful defaulter can be restructured. Hence, admittedly, the Company was not a willful defaulter. Furthermore, the Company is subject to regular audits as per MRA/decisions of JLF meetings. At no point of time, there has been any finding of the company being a ?wilful defaulter?. Moreover, the Cash Flow Statement for FY 2015-16 to FY 2016-17 clearly shows that there is no sufficient generation of funds.'.

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