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( 30 Jul 2020)
Ambalal Sarabhai - Annual Disclosure Regarding Non-Applicability Of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 Dated November

Pursuant to the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 with respect to fund raising by issuance of Debt Securities by Large Entities, we wish to state that for the financial year ended March 31, 2020, the Company is not a 'Large Corporate' as per the framework and applicability criteria provided in the aforesaid Circular.