ASL Industries Limited with respect to announcement dated 27-Dec-2021, regarding a suit filed before the Honble Chief Judicial Magistrate, Alipore, 24 Parganas, Kolkata against the Company, its Managing Director and its Company Secretary in relation to non-compliance of the section 204 of the Companies Act, 2013 in the financial year 2016-17. On basis of above the Company was required to clarify following: 1. Brief details of litigation viz. name(s) of the opposing party, court/ tribunal/agency where litigation is filed, brief details of dispute/litigation; 2. Expected financial implications, if any, due to compensation, penalty etc; 3. Quantum of claims, if any. The response of the Company is attached.
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