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| Exchange Received Time 20/01/2018 11:51:31 Exchange Disseminated Time 20/01/2018 11:51:37 Time Taken 00:00:06 | In compliance with regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that we have received a letter from Alchemist Asset Reconstruction Company Limited regarding assignment of Financial Assets by State bank of India.
They have mentioned in their letter that all the Financial Assets of the Company together with all the rights, interests & Guarantees is hereby assigned to Alchemist- VII Trust (where Alchemist Asset Reconstruction Company Limited is a Trustee) and become the Secured Creditor of the Company as per the SARFAESI Act.
Further, they have requested us to make all the correspondence with them in near future for the outstanding loan.
This is hereby a disclosure under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as the above correspondence can be treated as material.
Kindly take the note of same.
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