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| Exchange Received Time 29/03/2018 18:17:43 Exchange Disseminated Time 29/03/2018 18:17:47 Time Taken 00:00:04 | Subject: Outcome of Board Meeting.
With reference to above subject and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a Board Meeting of the Company held today on 29th March, 2018 at registered office of the Company at HB-170, Sector-III, Salt Lake, Kolkata- 700 106 have considered and noted that the Company has reached a settlement/ restructuring of its debts of State Bank of India (SBI) and Indian Overseas Bank (IOB) with Alchemist Asset Reconstruction Company Limited (VII Trust) and approval for the same has been accorded.
This is for your record and reference.
Thanking You,
Yours Faithfully,
For Kaushalya Infrastructure Development Corporation Ltd.
Sanjay Lal Gupta
Company Secretary
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