The Securities and Exchange Board of India ('SEBI'), issued an Interim Order cum Show Cause Notice dated February 11, 2022 ('Interim Order cum Show Cause Notice'), under Sections 11 (1), 11 (4) and 11 B (1) of the Securities and Exchange Board of India Act, 1992 ('SEBI Act') against its individual promoter, Mr. Anil Ambani and Mr. Amit Bapna, Ex Chief Financial Officer of the Company, for the alleged violation of the provisions of the SEBI Act, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices in relation to securities markets) Regulations, 2003. Financial implication of the ad interim order cannot be ascertained at this premature stage. Since the Company is undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, it is in the process of seeking legal advice in relation to the same and shall keep the exchange updated as to any developments.