Rohit Ferro Tech : CIRP - Approval of Resolution Plan

132A, S.P. Mukherjee Road, Kolkata - 700 026

Telephone : [phone]/8100, Fax : [phone] E-mail:[e-mail],[e-mail] Web:www.rohitferrotech.com

Works:

(Unit -1): WBIIDC Road, P.O.Dwarika P.S. Bishnupur, Dist. Bankura (W.B.) Pin - 722 122 (Unit - II) L Kalinganagar Industrial Complex, Duburi, Dist. Jaipur, Orissa - 755026

Rohit Ferro-Tech Ltd.

CIN No.: L27104WB2000PLC091629

(Under Corporate Insolvency Resolution Process)

7* April, 2022

The Listing Department BSE Limited

P.J. Towers, 25*Floor Dalai Street Mumbai - 400 001

(Unit- III): Bhunia Raichak, Joynagar, P.S. Durga Chak, Dist. East Medinipur, Haldia,

Wsst Bengal

The Listing Department

National Stock Exchange of India Limited Exchange Plaza

Bandra Kurla Complex Mumbai - 400 051

BSE SCRIP CODE: 532731

Dear Sir/ Madam,

Sub:

NSE SYMBOL: ROHITFERRO

Approval of Resolution Plan for Rohit Ferro-Tech Limited ("the Corporate Debtor") in compliance of the Order pronounced by the Hon'ble National Company Law Tribunal, Kolkata Bench ("Adjudicating Authority")under Section 31 of the Insolvency and Bankruptcy Code, 2016 (the "Code")

Ref: Disclosure of Approval of Resolution Plan of the Corporate Debtor pursuant to

Regulation 30(2) (Schedule III Part A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") as amended from time to time and SEBI (Delisting of Equity Shares) Regulations, 2009 as amended from time to time and as replaced by SEBI (Delisting of Equity Shares) Regulations, 2021 ("Delisting Regulations"),read with Guidance note for companies undergoing Corporate Insolvency Resolution Process issued vide BSE Notice no. 20210709-9 and NSE Ref No: NSE/CML/2021/27, both dated Tuly 9, 2021.

This is in reference to the captioned matter and in furtherance of our earlier disclosure dated June 5, 2021, whereby it was intimated by the Company regarding the approval of Resolution Plan submitted by Tata Steel Mining Limited ("Resolution Applicant") by the Committee of Creditors ("COC") of the Corporate Debtor with requisite majority in terms of the provision of Section 30(4) of the Code.

Thereafter, on June 7, 2021, Mr. Supriyo Kumar Chaudhuri, Resolution Professional of the Corporate Debtor filed the COC approved Resolution Plan before the Adjudicating Authority seeking approval of the Resolution Plan in compliance with Section 30(6) of the Code, which was listed before the Adjudicating Authority on July 9, 2021, July 26, 2021, July 30, 2021, August 06, 2021, August 13, 2021, August 26, 2021, September 16, 2021, September 17, 2021, September 20, 2021, October 1, 2021, November 16, 2021, January 3, 2022, January 25, 2022, February 11, 2022, February 23, 2022,March 07, 2022 and March 10, 2022.

Regd. Office : 35, Chittranjan Avenue, Kolkata - 700 012

Phone No. : [phone]/26, 4064 0021/22

132A, S.P. Mukherjee Road, Kolkata - 700 026

I

Telephone : [phone]/8100, Fax : [phone] E-mail:[e-mail],[e-mail] Web :www.rohitferrotech.com

SKP

GROU

Rohit Ferro-Tech Ltd.

CIN No.: L27104WB2000PLC091629

(Under Corporate Insolvency Resolution Process)

Works:

(Unit -1): WBIIDC Road, P.O.Dwarika P.S. Bishnupur, Dist. Bankura (W.B.) Pin - 722 122 (Unit - II) L Kalinganagar Industrial Complex, Duburi, Dist. Jaipur, Orissa - 755026

(Unit- III): Bhunia Raichak, Joynagar, P.S. Durga Chak, Dist. East Medinipur, Haldia,

Wsst Bengal

On March 10, 2022, it was intimated by the Company that the Adjudicating Authority has decided to further consider the Resolution Plan. At the said hearing, the matter was reserved for orders.

In regard to the aforesaid, we further wish to inform that pursuant to Section 31(1) of the Code, the Adjudicating Authority on 7th April, 2022,has orally pronounced its order approving the Resolution Plan. A copy of the order approving the Resolution Plan of the Resolution Applicant is yet to be uploaded on the website of the Adjudicating Authority.

It is pertinent to note that the appropriate disclosures under Regulation 30(2) (Schedule III Part A)of the SEBI (LODR) Regulations with regard to the Resolution Plan will be made by the Corporate Debtor upon the order by the Adjudicating Authority, approving the Resolution Plan ("Order"), being made available on the website of the Adjudicating Authority.

It is further informed that, as part of the Resolution Plan, the existing equity shares of the Corporate Debtor shall stand delisted (at no exit price to existing equity shareholders) without any further act and deed, from the effective date of the Resolution Plan. Appropriate disclosures in terms of the Delisting Regulations, shall be made following receipt of the copy of the Order. Further, in terms of the Resolution Plan, the entire existing paid-up equity share capital of the Corporate Debtor will stand extinguished.

Kindly note that the copy of Order as pronounced by the Adjudicating Authority will be provided to you once it is uploaded on the website of the Adjudicating Authority athttps://nclt.gov.in/.

The above is for your information and records and is subject to the copy of the order being made available on the website of the Adjudicating Authority.

Thanking You.

Yours Sincerely,

For Rohit Ferro-Tech Limited

(Company Secretary)

Copy to:

The General Manager

National Securities Depository Ltd. Kamla Mills Compound,

Senapati Bapat Marg, Lower Parel, Mumbai -400 023

The General Manager

Central Depository Services (India) Limited Marathon Futurex, Mafatlal Mill Compound, A-Wing, 25th Floor, N M Joshi Marg,

Lower Parel (East),Mumbai-400013

Regd. Office : 35, Chittranjan Avenue, Kolkata - 700 012

Phone No. : [phone]/26, 4064 0021/22