On stand alone basis
Todays Writing Instruments announced that the Company has entered in to one time settlement (OTS) with ICICI Bank (one of the secured creditor).Further, the Company informed that this is not a material event, as on a stand alone basis, this settlement has no relevance unless the Company enters in to a settlement with all the secured and unsecured lenders and also obtains a Draft Rehabilitation scheme approved by BIFR.
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