General Announcement::Intimation under Listing Regulations

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 14-Feb-2019 21:43:26
Status: New
Announcement Sub Title: Intimation under Listing Regulations
Announcement Reference: SG190214OTHR7QNG
Submitted By (Co./ Ind. Name): Prakash Shenoy
Designation: Company Secretary
Effective Date and Time of the event: 14/02/2019 19:00:00
Description (Please provide a detailed description of the event in the box below): We refer to our letters dated November 6, 2017, January 5, 2018, February 9, 2018 and January 23, 2019 informing about non fixation of record Date for payment of principal and interest on Non-convertible Debentures ('NCD') till completion of restructuring process. The said NCDs are due to mature on 1st March 2019.

As announced on 1st February, 2019, the Board of Directors of the Company reviewed the progress of the Company's debt resolution plans since the invocation of SOR on 2nd June, 2017 and decided that the Company and two of its subsidiaries namely; Reliance Telecom Limited and Reliance lnfratel Limited will seek fast track resolution through NCL T, Mumbai. This course of action will be in the best interests of all stakeholders, ensuring comprehensive debt resolution in a final, transparent and time bound manner within the prescribed time of 270 days. Accordingly, the payment of NCD shall be in terms of and subject to the said resolution through NCL T.

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