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Williamson Mago
BSE: 519224NSE: WILLAMAGORISIN: INE210A01017

1st-Jul-2020 23:30Source: BSE

Williamson Magor and Company - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

We, in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 would like to inform you that in the matter of Arbitration between Aditya Birla Finance Limited (ABPL) v. McNally Bharat Engineering Company Limited (MBECL) & others, the Sole Arbitrator, Hon''''ble Justice (Retd.) Krishn Kumar Lahoti, has passed an interim award on 30 June 2020 against two Directors and the Company to perform their obligations under the Put Option Agreement dated 24 March 2018.

The matter is currently sub judice and the Company is in the process of taking appropriate steps against the said order based on advice from its legal counsel.

The Company would like to clarify that this interim award has no impact on the operations or day to day business of the Company.

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