Punjab Chemicals & Crop Protection provides update on subsidiary

SD Agchem enters into one time settelement with SBI for settlement of dues

Punjab Chemicals & Crop Protection announced that Wholly owned foreign subsidiary of the Company i.e. SD Agchem (Europe) NV ("SD Agchem"), has entered into one time settlement with State Bank of India, Antwerp for settling its total dues of $ 2.66 mio in respect of the restructured facilities availed by the aforesaid subsidiary of the Company for compromise amount of $1.850 mio to be paid in installments upto 08 December 2016 on various terms and conditions.

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