In continuation to earlier disclosures, whereby Metalyst Forgings was informed that the Hon’ble Supreme Court of India has pronounced its judgement on 06th March 2024 in the matter of ‘DECCAN VALUE INVESTORS L.P. & ANR V/s DINKAR VENKATASUBRAMANIAN & ANR’ and approved the resolution plan submitted by the resolution applicants Deccan Value Investors L.P. and DVI PE (Mauritius) in respect of the Company. Additionally, the Hon’ble Supreme Court of India also directed the concerned parties to appear before the Hon’ble NCLT for further proceedings. In this respect thereof, and pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015 read with Circular No. NSE/CML/2021/27 and 20210709-9 dated July 09, 2021 issued by NSE and BSE respectively, Metalyst Forgings has informed that the Hon'ble NCLT, by an order orally pronounced on May 14, 2024, has passed an order regarding the approval of the resolution plan in respect of the Company under Section 31 of the Code, as amended. The written order of the Hon'ble NCLT is awaited, which shall be disclosed to the stock exchanges upon publication. The above information may be treated as disclosure under Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015 and guidance note issued by the stock exchanges.
The above information is a part of company’s filings submitted to BSE.