A meeting of the Board of Directors of the Company was held today in compliance with the directions of the Hon'ble National Company Law Tribunal, Ahmedabad Bench
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The Board of Directors of Dutron Polymers met on April 2, 2025 following directions from the NCLT Ahmedabad Bench. The Board tried to work out an amicable settlement between the parties involved in a dispute, but no agreement could be reached. Separately, the Chairman brought to the Board's attention a warning letter issued by BSE on February 12, 2025. The Board noted the contents of the warning and advised the management to exercise greater caution going forward.
Shareholders should note that the failure to reach a settlement means the underlying dispute (overseen by NCLT) remains unresolved and may proceed to further hearings. The BSE warning letter is a regulatory caution — not a penalty — but repeated warnings could affect the company's compliance standing and investor sentiment.