BL Kashyap and Sons, a New Delhi-based construction company, announced that upon recommendation of the nomination and remuneration committee and approval of audit committee and board of directors of the company, Manoj Agrawal sr. GM-Finance of the company has been elevated as CFO (chief financial officer) of the company w.e.f. Jun. 17, 2015.
Earlier, the company announced that the proposal of the company regarding the restructuring of it's debt has been approved by the CDR Empowered Group of Corporate Debt Restructuring Cell and communicated vide its Provisional Letter of Approval dated Dec. 31, 2014. The company is in the process of executing master restructuring agreement (MRA) with the CDR lenders.
Shares of the company declined Rs 0.04, or 0.37%, to trade at Rs 10.78. The total volume of shares traded was 7,887 at the BSE (10.21 a.m., Friday).