|
|
|
|
Date :8/27/2014 8:34:26 PM
Description :Pursuant to cancellation of an order dated 16/07/2009 for supply of 300 customized buses placed on the Company by a customer and non resolution of the matter at the customer’s end, the Company had invoked arbitration clause of the Contract and lodged its claim before the Arbitral Tribunal for losses suffered by the Company on this account. The Hon’ble Arbitral Tribunal has pronounced its Arbitration Award and has awarded an amount of Rs.11,52,44,252/- (Rupees Eleven crore fifty two lakh forty four thousand two hundred fifty two only) to the Company towards losses/costs suffered by the Company in earlier years.
It may be noted that this Award is subject to challenge by the customer under Section 34 of the Arbitration & Conciliation Act, 1996 and appeals therefrom.
|
|
|
|
|
|
Date :8/8/2014 9:15:55 PM
Description :Unaudited Financial Results for the First Quarter ended 30th June,2014 announced.
Appointment of Mr. Kei Katayama as Additional Director & Whole-time Director of the Company
designated as Director- R&D for a period of three years with effect from 8th August,2014 in place of Mr. Yuji Kosaka, who resigned with effect from 18th June 2014.
Capex plan of Rs.220 crores to be spent over the next three years towards product improvement/variants and up-gradation of technology & plant infrastructure.
|
|
|
|
|
|
Date :6/7/2014 12:53:24 AM
Description :Mr.Yuji Kosaka, Whole-time Director (DIN NO 06442605) has expressed his desire to demit the office for personal reasons with effect from 18th June,2014 and submitted his resignation to the company on 6th June,2014 |
|
|
|
|
|
Date :3/7/2014 2:55:30 AM
Description :Finance all ranges of Cargo and passenger Carriers manufactured by
the company. |
|