Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kamat Hotels (India) has informed that the wholly owned Subsidiary Company i.e. Orchid Hotels Pune Private Limited has received in principle approval from Asset Reconstruction Company (India) Limited (ARCIL) approving the One Time Settlement proposal (OTS).
The above information is a part of company’s filings submitted to BSE.