REF: SEBI CIRCULAR CIR/CFD/CMD1/162/2019 DATED DECEMBER 24 2019 AND IN LINE WITH COMPANYS ANNOUNCEMENT UNDER REGULATION 30 (LODR) - MEETING UPDATES DATED 22/11/2019
With Reference to the captioned subject and pursuant to Regulation 32(1) 32(2) and 32(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we herewith enclosed Statement of Deviation and Variation for the quarter ending 31st December 2019 was reviewed by Audit Committee and Board Meeting held on 11th February 2020.
In line with Announcement under Regulation 30 (LODR) - Meeting Updates of the Company dated 22/11/2019 We hereby inform you that Since the Warrant holders did not exercise the conversion option within 18 months from the date of their allotment so the entitlement of the conversion has lapsed and upfront amount received by the company on such warrants has been forfeited as per the terms.
Kindly take the same on your record and oblige.
Ask Value Research 
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