Corporate Announcement
Security Code : 533166    Company : SUNDARAM    
 
Release Of Pledge Of 1.50 Crore Equity Shares Of Wholly Owned Subsidiary Viz. E-Class Education System LimitedDownload PDF Download XBRL
  Exchange Received Time  16/07/2018 18:13:26         Exchange Disseminated Time   16/07/2018 18:13:34              Time Taken   00:00:08
In terms of the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby wish to inform you that company has met with the terms and conditions of Loan Restructuring done with State Bank of India and IDBI Bank Limited and therefore Lenders have agreed to release the Pledge of 1.50 Crore Equity Shares of Wholly Owned Subsidiary viz. E-Class Education System Limited which were pledged.

Kindly take the above on your records and do the needful.
 

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