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| Exchange Received Time 31/03/2017 10:40:32 Exchange Disseminated Time 31/03/2017 10:40:33 Time Taken 00:00:01 | | Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 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 Corporation 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: As per the approved OTS Scheme, the company is expected to repay the debt in a structured manner over a period of six months. |
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