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- Financial Update
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The Board has authorized discussions for a potential one-time settlement (OTS) with lenders, aimed at reaching a compromise as per the Reserve Bank of India’s guidelines. This initiative will proceed if the existing lenders agree to the terms. Should negotiations progress positively, the company plans to raise necessary resources to implement the OTS. This development highlights the company’s efforts to manage its financial obligations and could signify a strategic move towards improving its financial position. Investors should watch closely for updates on the lenders' agreement and the potential implications for the company’s future financial stability.