The Company hereby informs that the Resolution Professional with the approval of Committee of Creditors of the Company had filed an application before the Honble NCLT, Mumbai seeking an extension of the period of Corporate Insolvency Resolution Process (CIRP) of the Company by Ninety (90) days in terms of Section 12(2) of the Insolvency and Bankruptcy Code, 2016. The said application was heard on 30th October 2018 and Honble NCLT, Mumbai has granted an extension of the CIRP period of the Company by further Ninety (90) days. Copy of the said Order dated 30th October 2018 is awaited.