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| Exchange Received Time 01/03/2018 16:02:29 Exchange Disseminated Time 01/03/2018 16:02:35 Time Taken 00:00:06 | Pursuant to the Regulation 30 and other applicable regulations, if any, of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it has come to the Company's attention that Aircel Limited has filed a voluntary insolvency application before the National Company Law Tribunal.
Given Aircel's significance as the single largest customer, a meeting of the Board of Directors is being convened to evaluate the situation, including the impact of the possible outcome of such proceedings and the Company's claims for legitimate dues from Aircel.
In anticipation of this scenario, the Company has already implemented several corrective steps to ensure the smooth services to its remaining customers and to maintain highest quality of their network.
The relevant updates will be provided following the meeting, which is scheduled on Thursday, March 8, 2018.
You are requested to take note of the same
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