The Board meeting scheduled to be held on July 16, 2021 to consider and approve the Unaudited Financial Results, both standalone and consolidated, for the First quarter ended June 30, 2021, has been cancelled and the new date of the meeting shall be intimated in due course, the company said.
“With profound sadness and regret, we hereby inform you about the sudden demise of S. Rachhpall Singh, Chairman and Executive Director of the Company on July 15, 2021. Mr. Singh was the Chairman of the Company since 1994 and the Company has benefitted immensely from the vision, guidance and support of Mr. Rachhpall Singh. The Board of Directors and Employees of the Company deeply mourn this irreparable loss,” GNA Axles said in the filing.
The stock ended at Rs522.75 down by Rs19.3 or 3.56% from its previous closing of Rs542.05 on the BSE. The scrip opened at Rs547 and touched a high and low of Rs547 and Rs515 respectively.