NOTICE FOR OTS (ONE TIME SETTLEMENT) OF CREDITORS’ DUES

In terms of BIFR Sanctioned Scheme dated 03.03.2010, the company will settle old static creditors’ dues (prior to 19.11.2001) strictly as per stipulation in point no. 6.7 (refer note below) of the DRS (Draft Revival Scheme). The creditors are advised to submit their claim alongwith all supporting documents within 30 days from the date of publication addressed to Senior Manager (Finance), Tyre Corporation of India Ltd., 19 Jawaharlal Nehru Road, Kolkata – 700 087. Those creditors who have already submitted their claims earlier and their dues are reconciled with the company’s books need not apply. No claim will be entertained after expiry of 30 days.

Senior Manager (Finance) may be reached at telephone no. (033) 2252-2286.

Note: Unsecured creditors’ dues will be settled under proposed OTS availing 30% discount (i.e. to be paid 70% of the principal) within 2 (two) financial years from the date of final sanction of DRS.