REIAGROLTD

AAA Insolvency Professionals LLP has informed the Exchange regarding 'Intimation of Liquidation Process and appointment of Liquidator'.

Rei Agro Limited has informed the Exchange regarding Intimation of initiation of Corporate Insolvency Resolution Process (CIRP) and appointment of Insolvency Resolution Professional.

Rei Agro Limited has informed the Exchange that based on the erosion of the entire net worth of the Company a reference was filed by the Company in terms of the provisions of section 15(1) of SICA with the Board for Industrial and Financial Reconstruction (BIFR) on April 28, 2015 and to further study the reasons of Sickness and determination of measures to be adopted for revival of the Company through its letter dated July 03, 2015. Accordingly, the Hon`ble BIFR vide its letter dated July 03, 2015 informed the Company that the aforesaid reference has been registered a case no. 85/2015 under th

Rei Agro Limited has informed the Exchange that as per the audited financial statements of the Company for the period ended December 31, 2014, accumulated loss has eroded more than 100% of the net worth of the Company and in accordance to provisions contained under section 3(1) (o) of the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) , the Company has become sick industrial company. Therefore in terms of the provisions of section 15(1) of SICA, April 28, 2015, the Company has filed References with the Board for Industrial and Financial Reconstruction (BIFR) reporting sickness

Rei Agro Limited has informed the Exchange that we are exploring the possibility of acquiring the majority stake of a Singapore based listed Company through the transfer of agri business of one of our wholly owned Foreign Subsidiaries (WOS). As a result thereof, our overseas subsidiaries may undergo a reorganization of their business without any changes in the REI's ownership of the existing wholly owned foreign subsidiaries.

Rei Agro Limited has informed the Exchange that Mr. Munishwar Vasudeva, Chief Executive Officer of the Company, has resigned from the Company.