This has reference to our intimation regarding the initiation of corporate insolvency resolution process ("CIRP") in the case of Maximaa Systems Limited ("the Company") under Section 10 of the Insolvency and Bankruptcy Code, 2016 (Code). We wish to inform you that the 2nd (Second) meeting of the Committee of Creditors of the Company was duly convened and conducted on Wednesday, 1st February, 2023 at 03:00 P.M. in Ahmedabad through audio-visual means. (Originally scheduled on 27th January, 2023 at 03:00 P.M. however, extended on the request of the Committee of Creditors) At the aforesaid meeting the Administrator of the Company appraised the Committee of Creditors(CoC), inter alia, about the status of CIRP process since the initiation, status of claims, Publication of Form G, detailed EOI, Ratification of fees of valuers, various aspects relating to the CIRP process / milestones as stipulated under the Code.