Videocon Industries Limited has informed the Exchange that Hon'ble National Company Law Tribunal, Mumbai Bench, Mumbai ("NCLT"), vide an order dated June 06, 2018 has admitted the reference for initiation of Corporate Insolvency Resolution Process ("CIRP") in respect of Videocon Industries Limited (the "Company") under Section 7 of the Insolvency and Bankruptcy Code, 2016 ("IBC"). By the said Order dated June 06, 2018, Mr. Anuj Jain has been appointed as an Interim Resolution Professional ("IRP") under the provisions of IBC. The Company is now under Insolvency Resolution Process under the provisions of IBC. As per section 17 of the IBC, the powers of the Board of Directors of the Company stand suspended and as such the powers shall be vested with and exercised by Mr. Anuj Jain, an Interim Resolution Professional ("IRP") appointed under the provisions of IBC. It may further be noted that, pursuant to the order passed by the NCLT dated June 06, 2018, a moratorium has been declared under Section 14 of the IBC. Further the Company has submitted a copy of the order passed by Hon?ble National Company Law Tribunal, Mumbai Bench, Mumbai and a copy of public announcement made under Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.