Sanghvi Forging and Engineering has informed that it has enclosed the disclosure in terms of SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/ 140 dated November 21, 2019 in respect of defaults of payment of interest/ repayment of principal amount on loans/ financial institutions and listed debt securities for the year/quarter ended March 31, 2021. The company is currently undergoing corporate insolvency resolution process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016 (Code). Therefore, the debts shall be resolved in accordance with the provisions of the Code.
The above information is a part of company’s filings submitted to BSE.
