ATN International : One Time Settlement

14th December, 2022
To,	To,	To,
The Secretary,	The Asst. General Manager - Listing	The Asst. General Manager,
The Calcutta Stock Exchange Ltd.	The National Stock Exchange of India	Department of Corporate Services,
7, Lyons Range,	Ltd.	BSE Ltd.
Kolkata - 700 001	Plot No. C/1, Block-G,	25th Floor, Phiroz Jeejeeboy Towers,
Scrip Code : 11047	Bandra Kurla Complex, Bandra (E)	Dalal Street,
	Mumbai - 400 051	Mumbai - 400 001
	Scrip Code : ATNINTER	Scrip Code : 511427

Dear Sir/Ma'am,

SUBJECT : INTIMATION OF SETTLEMENT OF LOAN UNDER OTS WITH REC LTD

With reference to the above subject the Board would like to inform that since 1999 there has been dispute between the Company and REC Ltd in the matter of loan taken from REC Ltd,.

The Company proposed the financial institution for OTS and the proposal was discussed and reviewed by the institution several times and finally the matter was favourly considered by the Board of REC Ltd, which was intimated to the Company on 12th December, 2022 by post.

Further for considering and approving the same, the Meeting of the Board of Directors of the Company will be held on 21st December, 2022 at 11.00 A.M. to approve the OTS with all terms and conditions proposed by REC and to have discussion on raising of resources for the same and to appoint one executive to execute all the related documents and papers and do acts as and when necessary.

This is for your perusal, necessary action and record.

Thanking you,

Yours faithfully,

For ATN International Limited

Santosh Kumar Jain

(Managing Director)

DIN: 00174235

Regd. Office :10 Princep Street, 2nd Floor, Kolkata - 700072

Email : [e-mail](old: [e-mail])

website : www.atninternational.in

Phone : [phone], Fax :[phone]

CIN : L65993WB1983PLC080793