Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, B. L. Kashyap and Sons has informed that the Company has received a communication from the Lead Bank of the Consortium Lenders in relation to the settlement of Right of Recompense (ROR). As per the aforesaid communication, the Lead Bank has communicated the Right of Recompense (‘ROR’) amount of ?52.5 crore payable by the Company to the CDR lenders, to be repaid before 31.03.2027, along with the other terms and conditions applicable for Settlement. The aforesaid ROR amount and the proposed terms and conditions are subject to consideration, approval and/or confirmation by the other consortium lenders, as applicable. The Company shall take the requisite steps for fulfillment of the applicable terms and conditions upon receipt of the necessary approvals/confirmations from the consortium lenders. The Company will make further disclosures to the Stock Exchanges as and when there are material developments in the matter.
The above information is a part of company’s filings submitted to BSE.
