GOCL CORPORATION LIMITED : MONETIZATION OF LAND UPDATE

• Monetization of 157 acres out of 264.50 acres of land has been completed. • Balance land is under mortgage obligation by the Company as security for a loan availed by Hinduja National Power Corporation Limited (HNPCL). • HNPCL has repaid most of the loan and is in discussion with its lender to release the land from the obligation. • Upon release, monetization of the remaining land will be expedited. Impact: Neutral (Progress on land monetization with remaining portion under mortgage)

GOCL Corporation Limited

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