Welcome to Palco Limited

The Company has redeemed 2,60,235 Debentures as on 31.03.2013 and paid an amount of Rs.2,68,04,205/- to the debentures holders who have surrendered their original debenture certificate to the Company. As per the letter between the Company and Debenture Truestee and based on the sharing pattern finalized by ARCIL ( Asset Reconstruction Company (India) Limited) the Company opened the an Escrow account with Induslnd Bank.

Under Section 205(C)
As per the section 205(c) of the Companies Act, 1956 any unclaimed Redemption Debenture amount being unclaimed for a period of seven years from the day they become due for payment shall be transferred to the Investor Education protectionfund Account within 30days from the day the expiry of the 7 years. The period of seven years have expired on 15.05.2013 and accordingly the Balance unclaimed amount in the Escrow account in Induslnd bank amounting to RS. 2,13,20,664 was transferred to the Investor Education and protection fund on 15.06.2013 vide SRN No. B76702281

for Palco Limited.
Hyderabad Vijay Chandra Puljal
14.09.2013 Director