We wish to inform you that the Company has settled the dues of IDBI Bank (the Bank) under IDBI- RINN MUKTI YOJNA 2019-20 SCHEME. Details of the same, as required pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, are furnished herein below: A) REASONS FOR OPTING FOR OTS The Company opted for One Time Settlement as the Companys Account has been classified as NPA by the Bank. B) BRIEF SUMMARY OF THE OTS As per the OTS, the Company has settled the dues to the Bank by paying Rs. 16.04 Crores (OTS amount) towards full and final settlement of the total dues of Rs. 44.13 Crores payable to the Bank as per Companys records.