Company has signed the acceptance letter dated March 14, 2019 for One Time Settlement (OTS) with Edelweiss ARC and agreed to pay an amount of INR 41.0 Cr on deferred payment basis against the outstanding amount of approx INR 177.69 Cr. However, due to stressed cash flows, the Company could pay only an amount of INR 5.75 Cr. and was in continuous discussion with Edelweiss ARC for revised settlement.\r\n\r\nThe Company has received the acceptance letter - Ref No. EdelARC/3374/2023-2024 dated November 15, 2023 from Edelweiss ARC, to settle all its outstanding liabilities through full cash One Time Settlement (OTS). The members of the Board of Directors has approved the same through resolutions passed by circulation on November 16, 2023 through deferred OTS Consideration of INR 11.0 Cr (Indian Ruppes Eleven Crore Only) as full and final settlement against the outstanding amount of INR 35.25 Cr (Indian Rupees Thirty Five Crore and Twenty Five Lakh Only).