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| Exchange Received Time 24/02/2018 18:12:41 Exchange Disseminated Time 24/02/2018 18:12:51 Time Taken 00:00:10 | Re: Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
Dear Sirs,
This is in continuation to our earlier letter dated February 16, 2018, wherein we had informed that in the matter of Writ Petition filed by the Company against an order issued by the Income Tax Department (Tax Department) levying penalty of Rs. 436.80 crores for assessment year 2009-10, the Hon'ble High Court of Delhi (the Court) had ordered the Tax Department not to take any coercive action against the Company for 15 days in case of rejection of the stay by the Assessing Officer.
In this regard we wish to inform you that the Company has now received the copy of Court order wherein the Tax Department has been directed not to take any coercive action against the Company for a period of 10 days in case of rejection of stay by the Assessing Officer.
You are requested to take the above information on records.
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