However, despite Singh's apology and promises, small shareholders are still suspicious of the company’s motives. "The company did not come with any concrete plan as to how it plans to settle the debenture issue. Instead they made a lot of promises and it all seems to be delaying tactics," said Kamal Bhatia, a shareholder in the company.
When contacted, the company spokesperson confirmed the meeting and said that a statement to the effect will be made during the next two days. The resolution of this issue is important for the company, if it is to revive its IPO.
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