Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform you that the Company's lenders while making efforts for a resolution / revival plan for the Company through assignment of debts or one time settlement, have invited counter bids for sale of financial assets / loan account of Garden Silk Mills Limited under the Swiss Challenge method, from interested bidders. 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 Business Standard, Mumbai edition dated 19th September, 2019. The last date for submission of bid is 4th October, 2019.