ROLTA
June 21,2016
as TT,
Bombay Stock Exchange Limited (BSE) | National tock Exchange of India Limited
Listing Department, "Exchange Plaza”
P} Towers, Dalal Steet, Bandra Kurla Complex
Mumbai 400001. Bandra (E) Mumbai ~ 400 051
Sir,
‘Sub: News Claifi
“This has reference to the clarification sought by your esteemed exchange on the news item
appearing in Live Mint newspaper on June 17, 2016 titled as "Liquidity Situation Critical at
Rota” based on the report of Fitch Ratings.
In this regard, we wish to inform you that the Company has been upfront in disclosures of
events / developments and same have been promptly communicated to the Stock
‘Exchanges from time to time, We invite your attention t various communications macle by
the Company (about ratings update by Rating, Agencies) to Stock Exchange viz,, March 21,
2016, April 5, 2016, May 30,2016, June 1, 2016, June 3, 2016, June 17,2016 & June 20,2016,
‘The Company has reiterated that, due to unprecedented stretched working capital
situation, the Company could not pay certain bank dues and the wholly owned subsidiary
Rolta LLC missed payment of inferest on senior unsecured Notes due on May 16, 2016.
Management has already clarified its postion under reference of Press Note dated June 17,
2016, Copy of the said Press Note is already submited to the Stock Exchanges and is,
tenclosed herewith again for ready reference.
We further wish to inform that the Company had always promplly intimated to the
Exchanges all the events, information etc. including all material information pursuant to
Rognlation 30 of SEBI (LODR). Regulations, 2015 and shall continue to abide by the
[Regulations and keep the stock exchanges informed
‘Thanking you,
Yours faithfully,
Company Secretary &
Head Legal / Compliance
Encl: As above
ROLTA INDIA LIMITED
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Rolta Update on Bonds / ECB
mumboi~ its lod Usted (Rola), 2 leasing provider of inovatNe Ped IT solutions for many
vercal segments, including Defense and Secarty, tory released the folowing update on its
‘obligations towards interest payment of Bonds / ECB installment
ota hat had to continue incurtng ignlcant expenses os a very prestigious and time bound
defense project, which sesutes considerable ongoing investment; while at the same time the
‘Company hat sufered unexpected delays in laige payment collections thereby facing working
capital sess over the past few months. AS result, Rolta has been urable fo meet its recent
‘oblgations toward interest payment an Bonds / EC installment.
ota management Is diigenty working on addressing the overall situation in a comprehensive
‘manner in censukation with ts Bankers and strategie advises. The am isto arrive at an aceptable
Soliton in the interest ofall stakeholders and the Cmsany wil belnformingal stakeholders tthe
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