Sintex Industries : CIRP - Committee meeting updates

Sub: Intimation of conclusion of e-voting of approval of Resolution Plan by the

Committee of Creditors (CoC)

Dear Sir/Madam,

As informed vide letter dated 02.03.2022, all four compliant Resolution Plans submitted by four Resolution Applicants were put for e-voting for approval by the CoC members in accordance with Section 30(4) of the Insolvency and Bankruptcy Code, 2016 (Code) read with Regulation 39(3) of the CIRP Regulations.

The e-voting on approval of Resolution Plan was concluded yesterday i.e. 19.03.2022 at

10.00 p.m. and the resolution plan submitted by Reliance Industries Limited jointly with Assets Care & Reconstruction Enterprise Limited has been duly approved by the 100% CoC members under Section 30(4) of the Code as the successful resolution plan subject to approval of Hon'ble NCLT Ahmedabad.

As per Resolution Plan of Reliance Industries Limited jointly with Assets Care & Reconstruction Enterprise Limited it is proposed that existing share capital of the Company shall be reduced to Zero and the Company will be delisted from the stock exchanges i.e. BSE and NSE.

The Interim Resolution Professional is in the process of filing an application in accordance with Section 30(6) of the Code for approval of the said Resolution Plan by the Hon'ble NCLT and intimation of the same shall be given to the members as required.

You are requested to take the above information on record.

Thanking you,

Yours faithfully,

For, Sintex Industries Limited

(A Company under Corporate Insolvency Resolution Process by NCLT, Ahmedabad bench vide order dated 06.04.2021)

Company Secretary