Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, Hindustan National Glass & Industries has informed that all the lenders have unanimously agreed on the action points in relation to Resolution Plan/Compromise offer. All lenders have agreed ‘in principle’ to extend/modify the period of Resolution Plan/ Compromise Offer by 90 days. The ‘in principle approval’ letter would be given by all the lenders to the company. Extension of time by 90 days up to February 22, 2019 for payment of balance 85% amount of Resolution Plan/Compromise Offer has been agreed by all the lenders and post facto approval/ sanction will be obtained by each of them respective appropriate authorities within next 30 days, which will be advised to the Consortium Bank, SBI.
The above information is a part of company’s filings submitted to BSE.
