Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that since the Successful Bidder (i.e. Consortium of M/s Haldia Steels Pvt. Ltd. and M/s Bharat Agro Biotech Ltd.) has failed to make payment of the balance consideration in respect of the e-auction held on August 31, 2023 for sale of the Company as a going concern, the Liquidator has cancelled the Letter of Intent and that the e-auction shall be considered as unsuccessful w.e.f. February 24, 2024.\r\n\r\nFurther developments in this regard shall be intimated to your good office on a regular basis.