Finolex Cables scrutiniser, in a disclosure submitted to the stock exchange, has revealed that, in light of the Supreme Court s directive, the voting results are kept in abeyance until the National Company Law Appellate Tribunal (NCLAT) passes its final orders.
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In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as of the date of notification are to be disclosed to the stock exchanges. It was earlier understood that only prospective agreements must be disclosed, not retrospective.