As per the terms of OTS, the Company has to pay Rs. 45.50 crore and sale proceeds from 1,50,000 Equity Shares of the Company pledged exclusively with SBI by Shalil Shroff, one of the Promoters of the Company against the total outstanding dues of Rs. 94.85 crore including interest.

The Company has paid the initial amount of Rs. 11.38 crore. The said OTS is subject to fulfillment of conditions as mentioned in OTS approval. The offer of OTS is valid upto 30 June 2015.