MURLIIND

Murli Industries Limited has informed the Exchange that the Bank of Baroda (lead bank of the Consortium) has taken symbolic possession of Plants of the company i.e. Solvent Extraction, Paper and Cement Plants situated at different places as per the provision of Section 13(4) of the SARFAESI Act, 2002. Further, the Company has raised the objection before the BOB about the issuance of notices U/s 13(2) & 13(4) of SARFAESI Act, 2002 as same were void ab intio. The Company is taking necessary legal action before the proper authority.

Murli Industries Limited has informed the Exchange regarding temporary shut down of paper plants that the problem has been shorted out and the plants will start its operation very shortly. All the Paper Plants engaged in manufacturing of Duplex Board, News Print Paper, Writing & Printing Paper and SBS Board situated at Vill. Vadoda, Tah. Kamptee, Dist. Nagpur, (Maharashtra), was also shut down because of non supply of power, will start its operation soon.

Murli Industries Limited has informed the Exchange vide letter dated April 29, 2014, regarding "Temproray shut down of paper plants".

Murli Industries Limited has informed the Exchange that the Reference filed by the Company M/s. Murli Industries Limited under Section 15(1) of Sick Industrial Companies (Special Provisions) Act, 1985 has been registered by the Board for Industrial and Financial Reconstruction (BIFR), New Delhi as Case No. 84/2013 followed by further progress in the matter.

Murli Industries Limited has informed the Exchange that the Board of Directors of the company, in its meeting held on August 29, 2013, decided to file a reference to the Board for Industrial & Financial Reconstruction (BIFR) under section 15(1) of the Sick Industrial Companies (Special Provision) Act, 1985 for determination whether the Company is a Sick Industrial Company or not. Further, the same reference has already been filed by the company and same is pending for the registration.

Murli Industries Limited has informed the Exchange that the company informed vides its letter dated April 09, 2011 that the shares of the promoters of the company which had been pledged with the IFCI Ltd., towards the security for financial assistance availed by the Company, has been de-pledged by IFCI Limited arbitrarily. The appropriate legal action was taken against the same and a writ petition was filed before the Hon ble Delhi High Court. The Hon ble Delhi High Court vide its order dated September 20, 2013 directed to IFCI that the pledged shares shall be kept in a DEMAT Account of IFCI L

Murli Industries Limited has informed the Exchange that :"The Lime stone mining activity at the Cement Plant of the company located at vill: Naranda, Dist: Chandrapur in Maharashtra State is streamlined. About 4 Million ton limestone will be required per annum for the cement plant located at Naranda at its full capacity which will be sourced through these mines and these mines have sufficient reserves which will last for about thirty year's requirement of the plant. The Cement plant is located at the pit head of these limestone mines. The Company has set up a 3 Million Ton per Annum Greenfield

Murli Industries Limited has informed the Exchange that the Meeting of the Board of Directors of the Company has been held on July 30, 2009. The Company has posted total turnover of Rs.1124.63 Million for the first quarter ended June 30, 2009 as compared to Rs.1242.26 Million for the period ended June 30, 2008. The Net Profit (PAT) is Rs.101.03 Million for the same period against the Rs.212.23 Million for the quarter ended June 30, 2008.

Murli Industries Limited had informed the Exchange that "All Paper Plants of the company situated at Vill: Vadoda, Tahsil - Kamptee, Dist - Nagpur, Maharashtra has been closed due to strike called by the workers of the company for indefinite period. The talk between the Management and workers is going on and we are expecting the resolution of the problem imminently". The Company has now informed the Exchange that "All the Paper Plants of the company situated at Vill: Vadoda, Tahsil - Kamptee, Dist - Nagpur, Maharashtra has been started working since February 25, 2009" .

Murli Industries Limited has informed the Exchange that: "A major fire incident has taken place in the Factory Premises of Paper Unit. The fire in the factory erupted as the raw material stored in the open compound of our factory suddenly caught fire. The fire was first noticed at around 3.30 p.m. on 29.04.2008. It was whipped up by strong wind blowing at that time. We pressed into service our own fire tender to control the blaze. In addition to this, fire tenders from Nagpur, koradi, Khaperkheda and Gondia were also called to fight the fire. Firemen battled hard for many hours to extinguish t