Further to the announcement Dated 11th Feb, 2020 regarding commencement of corporate Insolvency Resolution Process (CIRP), This is to inform you that Hon''ble National Company Law Tribunal, Mumbai Bench, Mumbai (''''NCLT''''), vide an order No. MA 685/2020 in C.P. (IB)- 4500/(MB)/2019 Dated 08th May, 2020 (Copy of Order received on 12 May, 2020) has admitted the application for withdrawal of corporate Insolvency Resolution Process (CIRP) in respect of Mohota Industries Limited (the ''''Company'''') under the Insolvency and Bankruptcy Code, 2016 (''''IBC''''). By the said Order dated 08 May, 2020, Company is released from the rigor of CIRP and the power of Management and the Board of Directors of the Company are reinstated.