The company has received a communication from the Lead Bank of its Consortium Lenders concerning the settlement of a Right of Recompense (ROR).
The Lead Bank has communicated a specific ROR amount of ₹52.5 crore that is payable by the company to the CDR (Corporate Debt Restructuring) lenders. The stipulated deadline for repayment is 31st March 2027. The communication also includes other applicable terms and conditions for the settlement.
The disclosed ROR amount and the proposed settlement terms are not yet final. They are subject to consideration, approval, and/or confirmation from the other lenders within the consortium.
The company has stated that it will take the requisite steps to fulfill the applicable terms and conditions upon receipt of the necessary approvals and confirmations from all consortium lenders.
The company has committed to making further disclosures to the stock exchanges as and when there are material developments in this matter.
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