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| Exchange Received Time 16/02/2018 14:41:52 Exchange Disseminated Time 16/02/2018 14:42:01 Time Taken 00:00:09 | Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we would like to inform you that the Company has signed Memorandum of Understanding ('MOU') with Government of Maharashtra ('GoM') for investing upto Rs. 183.32 Cr in Textile manufacturing unit at Amravati. As per the MOU, the GoM shall offer the following benefit on complying the requirements under PSI-2013:-
1.The benefits in terms of refund of GST.
2.Electricity Duty exemption for a period of 7 Years from the date of commencement of commercial production.
3.100% Exemption from payment of stamp duty in accordance with Govt. Notification.
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