We wish to inform you that a petition has been filed under Section 7 of Insolvency and Bankruptcy Code, 2016 by IDBI Bank Limited, Financial Creditor of the Company, before the Hon'ble National Company Law Tribunal, Mumbai Bench alleging default in repayment of Working Capital Facilities amounting to Rs.80,62,61,990.21 (Rupees Eighty Crore Sixty Two Lakhs Sixty One Thousand Nine Hundred Ninety and Paise Twenty One only) and seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Company. We will update the Exchange on the development in the matter. Request you to take the same on your records and oblige.