Announcement Under Regulation 30 Of SEBI(LODR) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that through a settlement, the Arbitration Award for an amount of USD 31.77 million by way of damages passed against the Company, along with interest and other expenses has been settled for USD 9.10 million with complete waiver of all costs, legal and other expenses and the said payment has since been made.21-03-2018