Mcleod Russel India has informed that the Hon’ble High Court of Calcutta, in reference to a matter filed against pertain promoters of the Company, with regard to certain alleged outstanding obligations owed by such promoters to the petitioner, has passed an ad-interim order of injunction by which, inter a ia, the Company has been restrained from transferring, alienating or encumbering any of its assets till the disposal of the said application. Company has been advised that since it is not a party to any of the financing agreements in respect of the said alleged outstanding obligations nor dos any claim pertaining to the said obligations arise from the Company, the said ad-interim order against the Company should not be legally tenable. The matter is currently sub judice and the Company is in the process of taking appropriate action against the said order based on advice from its legal counsel.
The above information is a part of company’s filings submitted to BSE.