This is to inform you that the Company has entered into a One-time settlement with the Standard Chartered Bank for settlement of their entire outstanding dues. The agreement was taken on record and approved by the Board of directors in their meeting held today, i.e. on 29th May, 2017.
Please treat this as disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015. Kindly take this on record and oblige.