In accordance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the National Highways Authority of India has declared the L1 for "FOUR LANING WITH PAVED SHOULDERS OF NH-6 FROM CHICHRA TO KHARAGPUR (KM. 185.150 TO KM. 134.400) INCLUDING REHABILITATION OF EXISTING FOUR LANE ROAD FROM KM 134.400 TO KM 129.600 IN THE STATE OF WEST BENGAL UNDER EPC MODE" at a Project cost of Rs. 613.08 Crores having length of 55.52 Km and completion period of 30 Months (the "Project").
Further informed you that, this road project is adjoining to our existing project and now we entered in the 16th State i.e. West Bengal.
We undertake to update you in case of any further developments in relation to the Project, and entering into a concession agreement pursuant to the terms of the letter of award.
Further, as per Company's Code of conduct of Prevention of insider trading pursuant to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, as amended, the trading window for dealing in the securities of the Company by its designated employees, directors and promoters shall be closed from September 1, 2016 to September 3, 2016 (both days inclusive).