Dear Sir, As you may be aware, the Company, Sathavahana Ispat limited, is presently undergoing the corporate insolvency resolution process ('CIRP') under the provisions of the Insolvency and Bankruptcy Code, 2016 ('Code') and the rules and regulations made thereunder, pursuant to the order dated July 28, 2021 (received on August 05, 2021) passed by the Hon''ble National Company Law Tribunal, Hyderabad Bench ('NCLT'). Thereafter, the Hon''ble NCLT has, vide its order dated September 08, 2021 (copy of the order made available on September 15, 2021) has appointed Mr. Bhuvan Madan as the Resolution Professional ('RP') of Sathavahana Ispat Limited ('Corporate Debtor'). Accordingly, since September 15, 2021, Mr. Bhuvan Madan has been running the CIRP of the Corporate Debtor and has been managing the affairs of the Corporate Debtor.