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Nuchem Ltd - Lock-out at Chemical Division

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Nuchem Ltd has informed BSE that: 1. The IFCI Ltd. has withdrawn its nominee director Sh. Alok Sabharwal from the Board of Directors of the Company w.e.f. June 24, 2011. 2. In the wake of prevailing financial constraints, the management has declared a lock-out at Chemical Division of the Company w.e.f. June 26, 2011.

Story first published on: June 29, 2011 17:30 (IST)

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