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Restaurant Update

31 Jul 2009 11:31

RNS Number : 6597W

Indian Restaurants Group PLC

31 July 2009

Indian Restaurants Group Plc

Restaurant Update

31 July 2009

The Board announced within its interim results for the six month period to 31 March 2009 that it had closed the Mela unit at Herne Hill (owned by the Group's wholly owned subsidiary Param Consultancy Limited ("Param") and previously known as 3 Monkeys) to protect the Group from further losses. The Company had marketed the unit for sale and received some interest but this did not materialise into an acceptable offer.

Further to additional consultation with and advice from the Company's bank, HSBC, Jeremy Willmont and Phillip Sykes of Moore Stephens LLP, 1-3 Snow Hill, London EC1A 2DH were appointed administrators on 30 July 2009 to Param.

Contact:

Indian Restaurants Group Plc

Haresh Kanabar, Chairman, 0207 297 0010

Amit Pau, Chief Executive, 0207 297 0012

W.H. Ireland

Tim Cofman-Nicoresti/Katy Birkin

0121 265 6330

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Date		Source	Headline
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24th Jan 2012	2:30 pm	RNS	Holding(s) in Company
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18th Jul 2011	7:00 am	RNS	Disposal of Chandan Limited
14th Apr 2011	3:00 pm	RNS	Resignation of Directors
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28th Mar 2011	7:30 am	RNS	Suspension - Indian Restaurants Group Plc
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18th Dec 2009	4:20 pm	RNS	Resignation of Director
31st Jul 2009	11:31 am	RNS	Restaurant Update
29th Jun 2009	12:13 pm	RNS	Half Yearly Report
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31st Mar 2009	8:19 am	RNS	Annual Report and Accounts - Replacement
31st Mar 2009	8:03 am	RNS	Annual Report and Accounts
27th Mar 2009	7:00 am	RNS	Final Results
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28th Mar 2008	3:39 pm	RNS	Final Results
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26th Feb 2008	8:00 am	RNS	First Day of Dealings
25th Feb 2008	3:34 pm	RNS	Result of General Meeting
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