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| Exchange Received Time 16/02/2018 17:28:12 Exchange Disseminated Time 16/02/2018 17:28:18 Time Taken 00:00:06 | In continuation of our letter no. GEE/ KAL/ SEC / OCM/ 2016-17dated 05th January 2017, we wish to inform you that, due to adverse situation and challenges faced by the Company in IT Park Project, the Management was of view to identify any alternative/ substitution/ modification/ cancellation of memorandum of understanding (agreed terms) which was executed with M/s Cliff Conwell LLP on 05th January, 2017 for development of IT Park Project at Thane Plant. Accordingly, the management has decided to terminate the agreed terms by execution of the Cancelation Deed with M/s Cliff Conwell LLP. The Company will keep you updated on the progress.
Kindly take the same on your record.
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