This is in continuation to our earlier intimation dated 13th August, 2021, intimating about proposed merger of Company's few step-down subsidiaries, pursuant to the terms agreed with the lenders of the Company under one-time resolution framework in terms of the 'Resolution Framework for COVID 19 related stress' announced by the Reserve Bank of India ('OTR Plan'). \r\n\r\nIn furtherance to the same, please note that since the terms of the OTR Plan could not be achieved, the Board of Directors of the Company have decided, subject to approval of National Company Law Tribunal at Mumbai and Bengaluru Bench ('NCLT') and other regulatory authorities as may be required, to withdraw Scheme of Amalgamation between Integrated Food Park Limited and the Company and their respective Shareholders.