Punjab Alkalies & Chemicals has informed that Durva lnfratech LLP (Durva) has created pledge on 3,75,00,000 equity shares of face value of Rs.2 each (consequent upon split /subdivision of the said 75,00,000 shares on 28.01.2022) in favour of IDBI Trusteeship acting as Escrow Agent/ Share Pledge Trustee of PACL for securing performance obligation of Durva lnfratech LLP and recovery of damages caused for non- performance of contract terms by Durva Infratech LLP, if any, in future.
The above information is a part of company’s filings submitted to BSE.