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BSE Prices delayed by 5 minutes... Prices as on Jul 18, 2018   ABB India 1187.55 [ 0.30% ]ACC 1293.2 [ 0.42% ]Ambuja Cements Ltd. 195.75 [ 0.05% ]Asian Paints Ltd. 1391.4 [ 0.98% ]Axis Bank Ltd. 524.2 [ -2.57% ]Bajaj Auto Ltd. 3105.05 [ 0.32% ]Bank of Baroda 118.3 [ -2.07% ]Bharti Airtel 336.8 [ -1.59% ]Bharat Heavy Ele 66.5 [ -2.28% ]Bharat Petroleum 401.9 [ 2.19% ]Britannia Ind. 6359.7 [ -1.22% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 627.15 [ -1.63% ]Coal India 264 [ -0.26% ]Colgate Palm. 1107.5 [ -1.52% ]Dabur India 373.6 [ -1.16% ]DLF Ltd. 170.75 [ -4.93% ]Dr. Reddy's Labs 2064.9 [ 0.00% ]GAIL (India) Ltd. 359.25 [ 0.21% ]Grasim Inds. 943.85 [ 0.14% ]HCL Technologies 989.55 [ 0.86% ]HDFC 2008.25 [ 0.91% ]HDFC Bank 2176.05 [ -0.03% ]Hero MotoCorp 3501.5 [ 0.63% ]Hindustan Unilever L 1643.8 [ -2.37% ]Hindalco Indus. 211.95 [ -3.51% ]ICICI Bank 262.6 [ -1.39% ]IDFC L 44.4 [ -2.42% ]Indian Hotels Co 128.85 [ 0.00% ]IndusInd Bank 1892.35 [ -0.67% ]Infosys 1322.4 [ -0.38% ]ITC Ltd. 268.3 [ -0.56% ]Jindal St & Pwr 186.3 [ -6.33% ]Kotak Mahindra Bank 1402.05 [ -0.05% ]L&T 1289.15 [ 0.09% ]Lupin Ltd. 809.8 [ -2.23% ]Mahi. & Mahi 902.25 [ -2.05% ]Maruti Suzuki India 9368.7 [ -0.87% ]MTNL 14.95 [ -2.61% ]Nestle India 10409.25 [ -1.16% ]NIIT Ltd. 89.85 [ -4.57% ]NMDC Ltd. 95.1 [ -2.21% ]NTPC 155.1 [ -0.16% ]ONGC 160.3 [ 2.69% ]Punj. NationlBak 74.95 [ -4.76% ]Power Grid Corpo 178.55 [ -1.52% ]Reliance Inds. 1090.55 [ -0.11% ]SBI 259 [ -0.10% ]Vedanta 203.8 [ -3.02% ]Shipping Corpn. 59.55 [ -2.30% ]Sun Pharma. 549.55 [ 0.14% ]Tata Chemicals 667.8 [ -2.35% ]Tata Global Beverage 238.7 [ -3.65% ]Tata Motors Ltd. 251.95 [ -2.19% ]Tata Steel 504.7 [ -5.22% ]Tata Power Co. 69.75 [ -1.34% ]Tata Consultancy 1997.3 [ -0.03% ]Tech Mahindra Ltd. 646.2 [ 0.00% ]UltraTech Cement 3852.55 [ -1.26% ]United Spirits 557.5 [ -4.09% ]Wipro Ltd 284.1 [ -0.02% ]Zee Entertainment En 521.4 [ 0.79% ]

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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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