Accordingly, the total Restructured debt of Rs. 176.22 crore as on 30 June 2023 of EARC Trust SC 241 now stands reduced to Rs. Nil. Consequent to the above prepayment, the corresponding Balance debt of EARC Trust SC 241 of Rs. 3.62 crore has been waived by EARC and accordingly the same shall be written back by the Company.

The prepayment of EARC debt has been funded through debt of Rs. 130 crore from Kotak Mahindra Bank and Internal Accruals of the Company.