OVOBEL FOODS LTD. - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Pursuant to the provisions of Regulation 30(1) of the SEBI (LODR 2015), we hereby inform that the scheme of reduction of share capital of the Company from from Rs.10,50,08,000/- divided into 1,05,00,800 Equity Shares of Rs. 10/- [Rupees Ten only] each fully paid up to Rs. 9,50,08,000/- divided into 95,00,800 Equity Shares of Rs. 10/- (Rupees Ten only) each and that such reduction be affected by cancelling of 10,00,000 Equity Shares of Rs. 10/- each amounting to Rs. 1,00,00,000/- by adjusting advances paid to Karnataka State Industrial and Infrastructure Development Corporation Limited ('KSIIDC") and Ministry of Food Processing Industry ('MFPI'') towards One Time Settlement (OTS) accounts. A copy of the order is attached herewith for your records.