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| Exchange Received Time 03/10/2018 17:05:40 Exchange Disseminated Time 03/10/2018 17:05:48 Time Taken 00:00:08 | Dear Sir/Madam,
With reference to the above, I would like to inform you that, I in my capacity as the Resolution Professional of Sterling Biotech Limited hereby confirm that the Sandesara Group has submitted one-time settlement proposal to the Public Sector Banks and Financial Institution for settlement of their dues of Sterling Biotech Limited. The said matter is under considerations with Banks / Financial Institutions to whom the one-time settlement proposal has been made
Will keep the stock exchanges updated till such time the event is resolved/closed.
Request you to please acknowledge receipt hereof.
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