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Last Updated : Mar 22, 2017 09:20 AM IST | Source: Moneycontrol.com

Mawana Sugars: Outcome of board meeting

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please be informed that the Board of Directors of the Company, vide resolution dated March 21, 2017, has agreed to enter into one time settlement with Punjab National Bank (PNB) Muzaffarnagar, Uttar Pradesh.

 
 
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Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, please be informed that the Board of Directors of the Company, vide resolution dated March 21, 2017, has agreed to enter into one time settlement with Punjab National Bank (PNB) Muzaffarnagar, Uttar Pradesh. Purpose of the OTS: Resolution of NPA debt. Summary Details of the OTS: Settling Company's total memoranda dues of Rs. 109.46 Crores (as per PNB), for a consolidated agreed amount of Rs. 79.79 Crores, payable over 15 month without interest. This is for your information and record please.Source : BSE

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First Published on Mar 22, 2017 09:20 am
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