Multi Arc - Updates

With reference to the earlier announcement dated August 02, 2007, regarding admission of Company Petition filed by a Financial Creditor by single member bench of Hon'ble High Court at Mumbai, Multi Arc India Ltd has informed BSE that the Company had signed Consent Terms with Financial Creditor namely Kotak Mahindra Bank Ltd and made one-time settlement for full and final settlement of the dues to them. The Company has accordingly made the payment to the financial creditor and obtained No Dues Certificate from them.

With the issue of no dues certificate by the financial creditor - Kotak Mahindra Bank Ltd the winding up petition stands automatically disposed of as withdrawn.