Shelter Infra Projects Limited has received One Time Settlement (OTS) proposal from State Bank of India on 20th September 2017 against the Credit Facilities availed by the Company.
As per terms of OTS, the company have to pay aggregate amount of Rs.15,41,18940.00 against the Ledger Outstanding Rs. 22,01,69,914.00(excluding accrued interest from the Date of NPA)as on 31.03.2017.
Company have accepted OTS proposal and committed to act as per terms of Proposal. This OTS proposal will help companies complete pending work contracts and company will able to inter in new works contracts. Further Strategically this OTS proposal will support financial position of company.