GKW

Gkw Ltd has informed the Exchange that most of the workmen of the Company's Screws & Fasteners Division at Bhandup, Mumbai have accepted the Voluntary Retirement package offered to them and have resigned from the services of the Company.

Gkw Ltd has informed the Exchange that Mr. P. N. Biyani, Director on the Board of Directors of the Company expired on March 27, 2009.

Gkw Ltd has informed the Exchange that "All the workmen of the Company's Andul Road Works at Howrah, West Bengal (comprising Steel Division, Bolt & Nut Division, Sankey Electrical & Stampings Division and Engineering & Machinery Division) have accepted the Voluntary Retirement package offered to them and have resigned from the services of the Company".

Gkw Ltd has informed the Exchange vide its letter dated March 25, 2008 that "The Board of Directors of the company in its meeting held today approved the sale of its Land situate with in the Bangalore Municipal Corporation Area, Taluk Bangalore, District Bangalore, 3, Rajajinagar, Bangalore - 560010 admeasuring approximately 67734 Sq Mts (together with the structure thereon) to (1) Palladium Constructions private Limited and (2) Platinum Hospitality Services Private Limited. Accordingly the company has executed the Deed of Conveyance with the aforesaid parties for sale of the said property tod

Gkw Ltd has informed the Exchange that : "Appellate Authority for Industrial & Financial Reconstruction (AAIFR) passed an Order on 30th January, 2008 allowing the appeal of GKW Limited and setting aside the impugned Order dated 9th August, 2007 passed by the Board for Industrial & Financial Reconstruction (BIFR) and further directed that GKW Limited is discharged from the purview of the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA), since its net worth has turned positive."