1) Pursuant to Regulation 30 read with Schedule III of SEBl (Listing Obligations and Disclosure Requirements) Regulations 2015 this is to inform you that Hon'ble National Company Law Tribunal; Ahmedabad Bench has admitted the application of Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) in the matter of M/s. Ardent Ventures LLP a financial creditor of the company Versus M/s. Kanel Industries Limited corporate debtor for the alleged default amounting to Rs. 29,11,77,568/- till 31.07. 2021. Further Mr. Prashant Bharatkumar Patel has been appointed as Interim Resolution Professional (IRP) and the moratorium is envisaged under the provisions of Section 14(1) in relation to the Corporate Debtor prohibiting all of the actions mentioned under Section 14(1)(a) to (d).