1. In continuation to our earlier disclosure we hereby inform that M/s Nirma Chemical Works Private Limited and M/s Nirma Credit and Capital Private Limited being the parties to the settlement Agreement have extended the period for payment of the settlement amount by not later than 31/01/2022 in place of 31/10/2021. The other terms and conditions of the settlement Agreement shall remain unchanged.
2. In continuation to our earlier disclosure we hereby inform that the preference share holder has extended the validity of the waiver letter up to 31/01/2022 in place of 31/10/2021 in respect of Waiver of Dividend component accumulated on Principal Amount and accumulated interest on delayed payments on outstanding on preference shares. All other terms and conditions shall remain unchanged.
We request to take the above on your record.