The announcement was made after trading hours yesterday, 15 December 2014.

Meanwhile, the BSE Sensex was down 348.35 points, or 1.28%, to 26,971.21

On BSE, so far 14,107 shares were traded in the counter, compared with an average volume of 21,984 shares in the past one quarter.

The stock hit a high of Rs 54.65 and a low of Rs 51.70 so far during the day. The stock hit a 52-week high of Rs 93.95 on 3 July 2014. The stock hit a record low of Rs 30.15 on 19 February 2014.

The stock had underperformed the market over the past one month till 15 December 2014, falling 11.2% compared with 2.59% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 14.59% as against Sensex's 1.88% rise.

The small-cap company has an equity capital of Rs 57.20 crore. Face value per share is Rs 10.

Ramky Infrastructure said that the Joint Lenders Forum (JLF) of consortium banks in order to arrive at an early and feasible solution and preserve the economic value of the underlying assets as well as the lenders' loans has advised the company for restructuring under JLF as the Corrective Action Plan (CAP). The company has submitted CAP to State Bank of India, the lead member of the consortium banks. The JLF will finalize the restructuring package, Ramky Infrastructure said.

On a consolidated basis, Ramky Infrastructure reported a net loss of Rs 190.54 crore in Q2 September 2014, higher than net loss of Rs 72.05 crore in Q2 September 2013. Net sales fell 35.4% to Rs 319.60 crore in Q2 September 2014 over Q2 September 2013.

Ramky Infrastructure is an integrated construction, infrastructure development and management company in India.