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16/04/2024 18:39

Reliance Capital - Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)

RBI vide Press Release dated November 29, 2021 in exercise of the powers conferred under Section 45-IE (1) of the RBI Act, 1934 superseded the Board of the Company with immediate effect and appointed Shri Nageswara Rao Y as the Administrator of the Company under Section 45-IE (2) of the RBI Act. Pursuant to order dated December 06, 2021 of NCLT, CIRP has been initiated against the Company as per the provisions of the Insolvency and Bankruptcy Code, 2016 (Code). Further, the Resolution Plan submitted by IndusInd International Holdings Ltd. for the Company has been approved by the NCLT on February 27, 2024. In terms of the Approved Resolution Plan a Monitoring Committee has been constituted for implementation of Approved Resolution Plan.\r\nThe details as required under 'Clause 10.1.a of Chapter VIII - Specifications related to ISINs for debt securities' of SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, for the half year ended March 31, 2024, are enclosed as Annexure A