RELIANCE CAPITAL LTD. - Corporate Insolvency Resolution Process (CIRP)-Updates - Corporate Insolvency Resolution Process (CIRP)

This is continuation to our earlier disclosure dated February 28, 2024, pertaining to the approval of the resolution plan submitted by IndusInd International Holdings Ltd. ('IIHL' or the 'Successful Resolution Applicant') in the corporate insolvency resolution process of Reliance Capital Limited ('RCL') by the Hon'ble National Company Law Tribunal, Mumbai ("NCLT') on February 27, 2024 ('Approved Resolution Plan'). This is to inform the stakeholders that an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016 for seeking an extension of 90 days from May 27, 2024 for the implementation of the Approved Resolution Plan was filed before the Hon'ble NCLT by the Successful Resolution Applicant. In this regard, we hereby inform you that the matter was heard yesterday by the Hon'ble NCLT. We are awaiting a copy of the order and shall keep the Stock Exchanges updated on the matter.