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| Exchange Received Time 29/08/2017 11:19:48 Exchange Disseminated Time 29/08/2017 11:19:55 Time Taken 00:00:07 | Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Company has received an approval from Canara Bank approving the One Time Settlement proposal (OTS). The details as required under regulation 30 are given below:
A. Reason for opting for One Time Settlement:
The Reason for opting OTS is that the company has been facing cash flow mismatch due to which the debt has become a Non- Performing Asset.
B. Brief Summary of the One Time Settlement:
Entire repayment under OTS to be completed in two installments which shall be paid latest by 1st week of October, 2017.
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