Disclosure Of Event In Pursuance Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

• Security Code: 532873
• Company: HDIL

National Company Law Tribunal ('Tribunal') under Section 7(2) of Insolvency and Bankruptcy Code, 2016 ('The Code') has admitted an application from Union Bank of India for our wholly owned subsidiary Company, Guruashish Constructions Private Limited ('The Company') and had appointed Insolvency Resolution Professional to carry out the functions as mentioned under the said section of the Code vide Order dated 24.07.2017.

The Company will file an apt reply and will take an appropriate measure, as and where required in the proceedings with the Tribunal and the Appellate Authorities.

This is for your information & record. We will keep updating on further developments in the said matter of the Company.