The Company on December 2, 2021 intimated the Exchanges that the Reserve Bank of India filed applications for initiation of corporate insolvency resolution process ('CIRP') against the Company and therefore, as per the Insolvency and Bankruptcy Code, 2016 ('Code") read with the Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudication Authority) Rules, 2019 ('FSP Insolvency Rules'), an interim moratorium had commenced on and from the date of filing of the application till its admission or rejection. Further, the Company on December 7, 2021, intimated the Exchanges that CIRP has been initiated against the Company as per the provisions of the Code read with the FSP Insolvency Rules with effect from December 6, 2021. The above disclosure is being made pursuant to the SEBI Circular No. SEBI / HO / CFD / CMD1 / CIR / P / 2019 / 140 dated November 21, 2019 for the quarter ended December 31, 2021.