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| Exchange Received Time 09/07/2018 15:29:25 Exchange Disseminated Time 09/07/2018 15:29:29 Time Taken 00:00:04 | In terms of regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations 2015, we hereby inform that;
The Department of Fertilizers (DoF) in co-ordination with Fertilizer Industry Co-ordination Committee (FICC) had agreed to examine the Company's withheld AS Subsidy for the period from 18th March, 2013 to 5th March, 2017 to decide the eligibility claims based on cost data provided by the Company, as reported in Financial Statements for the Year 2016-17 and 2017-18 .
Further to that, we are pleased to inform that Department of Fertilizers, Govt. of India has agreed to release the Subsidy on Ammonium Sulphate for the period from 18th March, 2013 to 05th March, 2017. This should help in getting subsidy Rs.693 Crore held up for the above period.
Kindly take note of the above.
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