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In continuation to our earlier intimation dated May 17, 2025 and pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Company has, on September 26, 2025, accepted the sanction letter of Punjab National Bank, whereby the Bank has agreed to convert the pledge on the shares of the Promoters of the Company, earlier created as collateral for the term loan sanctioned by them, into a "Non-Disposal Undertaking".
Accordingly, upon completion of necessary formalities, the said pledge shall stand released and substituted with the Non-Disposal Undertaking.
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