Members of the Exchange are hereby informed that the Exchange on November 26, 2019 has issued public notice in the newspaper for proposed compulsory delisting of equity shares of the company, in term of Regulation 22 (3) of SEBI (Delisting of Equity shares) Regulation, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/common/Corporate Announcements).

Usher Agro Ltd. processes rice.  The Company produces raw white, par-boiled, and steamed basmati and non-basmati rice.

Public Announcement - Delisting

Usher Agro Limited has informed the Exchange regarding 'Liquidation Order -??that on 7 March 2019, the Hon'ble Adjudicating Authority (National Company Law Tribunal, Mumbai) has ordered the commencement of liquidation of Usher Agro Limited under the provisions of the Insolvency and Bankruptcy Code, 2016 and appointed the undersigned as the liquidator.?? Copy of the liquidation order dated 7 March 2019 is attached for your reference.??Mr. Krishna ChamadiaKrishna Chamadia(IBBI/IPA-001/IP-P00694/2017-2018/11220)LiquidatorUsher Agro Limited (a company in liquidation vide order dated 7 March 2019 of Hon'ble NCLT, Mumbai, having its registered office at 212, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri (West) Mumbai 400053, Maharashtra)Address for communication: B-1804, Raheja Heights, Off Gen A K Vaidya Marg, Dindoshi, Malad East, Mumbai City, Maharashtra, 400097Mob : +91-98339 09615Email:??krishnachamadia@gmail.com'.

Updates

The Exchange had sought clarification from the Company with respect to news item captioned- "CBI books rice milling firm Usher Agro for Rs 915 Crore fraud". It is incumbent upon the Exchanges in such situations to attempt to verify the accuracy or otherwise of the information reported and to disseminate to the market place the clarification/information furnished by the company. In this regard, you are advised to provide clarification/confirmation on the news item in detail including the following: a) Whether such event stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order. b) The material impact of this article on the Company. c) Whether company are aware of any information that has not been announced to the Exchanges under Regulation 30 of Listing Regulations. If so, you are advised to provide the said information and the reasons for not disclosing the same to the Exchange earlier as required under Regulation 30 of the Listing Regulations. The response from the Company is attached.

News Clarification

Usher Agro Limited has informed the Exchange regarding Disclosure under Schedule III of SEBI (LODR) (Third amendment) Regulations, 2018 (Effective From June 1, 2018) Concerning post facto Intimation of the meetings of Committee of Creditors of Usher Agro Limited , Scrip ID-532765.

Corporate Insolvency Resolution Process

Usher Agro Limited has informed the Exchange that the 270 days period of Corporate Insolvency resolution Process of Usher Agro Limited (Corporate Debtor) has ended on December 16, 2018. The Resolution Professional of the Corporate Debtor is in process of filing liquidation application for the same in the NCLT, Mumbai.

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