We refer to our earlier disclosure dated 19th September, 2019, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), in the matter of BDO India LLP ('BDO') inviting counter bids for sale of financial assets / loan accounts of Garden Silk Mills Limited, (the Company). In that connection, this has come to our knowledge through an advertisement in this regard issued by BDO India LLP ('BDO') as mandated by a consortium of lenders including various banks, financial institutions and others ('Lenders') led by Bank of Baroda ('BOB' or 'Lead Bank'), as published in the aforesaid newspapers today i.e. on 4th October, 2019, that the lenders have decided to cancel the aforesaid invitation of Bids and any bid submitted earlier and all actions taken pursuant to the aforesaid notice stands cancelled and shall have no legal effects.