SITINET : REPORTS TERM LOAN DEFAULT, OUTSTANDING BORROWINGS AT RS 1206.03 CR

• Default on term loan instalments dated September 30, 2026, continuing beyond 30 days • Lenders include ARCIL, IDBI Bank, RBL, Axis Bank, ABFL, IndusInd Bank, Vani Agencies and ICNCL • Total claims submitted ₹1,206.03 Cr as on 10 August 2023 and ₹1,500 Cr as on 22 February 2023 • CIRP initiated by NCLT Mumbai vide order dated 22 February 2023; board powers stand suspended and vested with the RP • NCLT approved appointment of Mr Trupal J. Patel as Resolution Professional vide order dated September 28, 2026 • Supreme Court has stayed financial creditors from remitting amounts received during the CIRP stay period

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