RAJSHREE SUGARS & CHEMICALS LTD. - 500354 - Disclosure Of Material Information Under Regulation 30 Read With Schedule III Of SEBI (LODR) Regulations, 2015
Please refer our letters dated 28th May 2019 and 23rd July 2019, filed with Stock Exchanges. The Tamil Nadu Government has officially declared failure/deficit of the north east monsoon for the year 2016 and 2018, and many districts of Tamil Nadu as drought affected. The Ministry of Consumer Affairs, Food and Public Distribution have allowed restructuring of Sugar Development Fund (SDF) loans on occurrence of a natural calamity in a particular State vide notification dated 17th September 2018. The guidelines for restructuring are awaited. The Company has, on 30th September 2019, received a letter No.IFCI/HO/SDF/ RAHSHREE/2019/4843/190926005 dated 26th September 2019 from IFCI Limited (acting as nodal agency of SDF, Government of India) stating that the restructuring of the loans availed from SDF may be considered after finalisation of guidelines for restructuring by SDF / Government of India, in case of natural calamity. Kindly take the same on your records.01-10-2019