Pursuant to Regulation 30 read with clause 16 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that petition for initiation of Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016 has been against the Company - Spectra Industries Limited on June 16, 2023 and IRP has been appointed. The company had availed a loan from Bank of India. The amount of default is Rs. 24,73,31,118.90/- (Rupees Twenty-Four Crores Seventy-Three lakhs Thirty-One Thousand One Hundred and Eighteen and Ninety Paisa Only) as on 31.08.2019 as per the application filed by the financial creditor.