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AGI Greenpac Ltd This is in furtherance of our earlier disclosure dated January 29, 2025, wherein...

Posted: 11 Feb 2025

AGI Greenpac Ltd This is in furtherance of our earlier disclosure dated January 29, 2025, wherein we had disclosed Hon’ble Supreme Court’s judgment dated January 29, 2025 in a batch of matters titled “Independent Sugar Corporation Limited v. Girish Sriram Juneja & Ors.”, Civil Appeal No.(s) 6071/2023 and connected matters (“Judgment”), in relation to the proposed acquisition of Hindusthan National Glass & Industries Limited (“HNGIL”) by the Company, in the Corporate Insolvency Resolution Process under the Insolvency & Bankruptcy Code, 2016 (“IBC”). This is to inform you that, after consultation with our legal advisors, we have filed a review petition before the Hon’ble Supreme Court on February 11, 2025, against the findings of the Judgment (“Review Petition”). Details as required under Regulation 30 of the LODR Regulations read with Circular no SEBI/HO/CFDPoD-1/P/CIR2023/123 dated July 13, 2023, in relation to the aforesaid Review Petition are enclosed as ‘Annexure-A’. Additionally, the Company would like to inform you that, in connection with the Review Petition, we have also filed an interlocutory application before the Hon’ble National Company Law Tribunal, Kolkata Bench on February 11, 2025, in the ongoing matter titled “DBS Bank Limited v. Hindusthan National Glass & Industries Limited” (“Interlocutory Application”). By way of the Interlocutory Application, the Company has sought a restraint on the Committee of Creditors/Resolution Professional of HNGIL from undertaking any precipitative action till the pendency of the Review Petition. Details as required under Regulation 30 of the LODR Regulations read with Circular no SEBI/HO/CFDPoD-1/P/CIR2023/123 dated July 13, 2023, in relation to the aforesaid Interlocutory Application are enclosed as ‘Annexure-B’. The Company shall duly provide updates in relation to the Review Petition and the Interlocutory Application, as and when required, in accordance with applicable laws. The Company has filed a review petition (“Review Petition”) before the Hon’ble Supreme Court of India in relation to its judgment dated January 29, 2025, in a batch of matters titled “Independent Sugar Corporation Limited v. Girish Sriram Juneja & Ors.”, Civil Appeal No.(s) 6071/2023 and connected matters (“Judgment”). The Company has filed the Review Petition before the Hon’ble Supreme Court to seek appropriate relief against the Judgment.