Dear Sir This is in continuation to our intimation dated 20th February 2026 informing you that the Company made a bid under e-auction sale notice issued by the official liquidator (attached to Honble High Court of Punjab and Haryana) for Land and Building admeasuring 64 Kanals situated at Village Simbli Hoshiarpur Phagwara Road Hoshiarpur Punjab and had been declared as the highest bidder by the Official Liquidator Chandigarh.In this respect the Company learnt that litigation was pending regarding this property. The Company prayed the Honble High Court of Punjab & Haryana Chandigarh to set aside the auction as the Company did not wish to involve itself in litigation. The Honble High Court on the request of the Company set aside the auction and ordered for refund of money to the Company vide its order dated 11/05/2026. We request you to take the above disclosure on your record.
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