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News Details

27/10/2026 10:25

Garware Offshore - Update On Corporate Announcement Made On September 30, 2026 Regarding Afcons Infrastructure Limited.\r\n

This is further to the Corporate Announcement made by the Company on September 30, 2026, informing the Stock Exchange that the Company had, through its advocates, issued a Notice under the Insolvency and Bankruptcy Code 2016, to Afcons Infrastructure Limited, for an amount of Rs.3,04,59,761.44 plus interest totalling to Rs. 3,16,20,074.44.\r\n\r\nAs an update, we wish to inform the Stock Exchange that the Company has arrived at a settlement with Afcons Infrastructure Limited for an aggregate amount of Rs.2,92,86,221.56 (Net of Tax) towards full and final settlement of dues.