Gangotri Textiles Limited is submitting here with the Disclosure of default on payment of Interest/Repayment of Principal amount of Loans from Banks/Financial Institutions of company as on March 31, 2021 pursuant to SEBI Circular No SEBI /HO/CFD/CMD1/CIR/P/2019/140 dated November 21, 2019. Nature of obligation is term loan. Name of the Lenders: State Bank of India, Stressed Asset Management Branch, as Lead Bank for the consortium of Banks.

Date of Deafult: The Company's Bank Account became NPA on the above date. Principal including interest INR 2,404,684,989. In the absence of confirmation by the Bank about the adjustment of sale proceeds of the assets sold by them towards Principal or Interest, the Company in its Books of Account is showing the above amount as total outstanding to the Lenders.

Interest has not been paid since September 2015 consequent to sale of entire Assets of the Company by the Banks under SARF AESI Act. Term Loan borrowed for the Mega Project under taken by the Company during the year 2005-06 at an estimated cost of INR 3,510 million.