Dear Sir/ Madam, This is to inform you that, for the sake of compliance of SEBI circular of SEBI Circular No: SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated August 07, 2019, we hereby giving disclosure containing information as on September 30, 2019, reason for encumbrance of shares pledged by the GARIMA BUILDPROP PRIVATE LIMITED (promoters and promoters group) in OCL Iron and Steel Limited. Further, 40242948 shares pledged by Garima Buildprop Private Limited (promoters and promoters group) to Andhra Bank in OCL Iron And Steel Limited was invoked by Andhra Bank and the same was intimated to designated stock exchanges. Kindly acknowledge the receipt of the same. Thanking you, Yours Faithfully, Garima Buildprop Private Limited