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| Exchange Received Time 27/11/2018 15:09:58 Exchange Disseminated Time 27/11/2018 15:10:04 Time Taken 00:00:06 | We submit following reasons in respect of non submission of financial results for the quarter ended 30 September, 2018 in terms of the SEBI circular dated 19th November, 2018 regarding non compliance under Regulation 33 of SEBI (LODR) Regulations, 2015
In this connection, we wish to state that the Company was in the process of obtaining Techno Economic Viability study, ratings from Rating Agencies and other related matters in connection with the resolution plan pursuant to the requirement of RBI Circular dated 12th February, 2018 which resulted in non compliance under Regulation 33 of SEBI (LODR) Regulations, 2015. The Company is in the process of complying with the relevant provisions, and would shortly comply with the above refered provisions of SEBI (LODR) Regulations, 2015.
Further the company would pay the relevant fine in terms of SEBI Circular no. SEBI/HO/CFD/CMD/CIR/P/2018/77 dated May 3, 2018.
We request you to kindly take above on record and oblige.
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