In connection with financial assistance being availed by the Company for the Coke Oven Project, the Company has pledged 2,70,00,000 shares, held in Star Metallics and Power (Subsidiary Company) on March 26, 2019, in favour of Axis Trustee Service (acting for the benefit of the lenders, including but not limited to Axis Bank, ICICI Bank and IndusInd Bank) as security to secure the borrowing amounting to Rs 470,00,00,000 being availed by the Company.
The above information is a part of company’s filings submitted to BSE.