In accordance with Regulation 30A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Eastern Treads has informed about the existence of an agreement between Kerala State Industrial Development Corporation (KSIDC) and Navas Meeran (NM), who are the promoters of the company. Under this agreement, KSIDC has provided capital assistance to the company by subscribing to shares. As per the agreed terms Navas Meeran is obligated to repurchase these shares from KSIDC whenever required by the latter. The details as required to be disclosed under the aforesaid circular and regulation is enclosed.
The above information is a part of company’s filings submitted to BSE.
