Swaraj Engines has informed that the Company has received a notice form the Office of Official Liquidator (Ministry of Corporate Affairs), High Court of Karnataka along with the copy of Order of Hon’ble High Court of Karnataka, Bengaluru demanding an amount of Rs 28,82,183 in relation to CA No. 24/2007. On the above, it may be noted that the Company will file an appeal with the appropriate authority and the Company is hopeful of a favourable outcome and does not reasonably expect that the said notice to have any material financial impact on the Company. The notice dated 19th February 2024 has been received by the Company on 21st February 2024 around 12:00 Noon. The details of the above Order, as required under Clause 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023 is enclosed as Annexure A.
The above information is a part of company’s filings submitted to BSE.