Hindustan Motors Ltd: Updates

Hindustan Motors Ltd has informed BSE that the accumulated losses of the Company as on March 31, 2011 are less than the fifty percent of its peak net worth during the immediately preceding four financial years and therefore the Company is ceased to be "potentially sick company" under the provisions of Section 23 of Sick Industrial Companies (Special Provisions) Act, 1985. The Company will send an Intimation in this regard to Board for Industrial and Financial Reconstruction.