Regency Ceramics Limited entered into One Time Settlement arrangement with the State Bank of India vide its Settlement letter dated March 15, 2022, received by the Company on March 17, 2022, for settlement of all dues and satisfaction of charges thereof, pertaining to loans taken from State Bank of India, Industrial Finance branch, Hyderabad, State Bank of Indore (merged with State Bank of India) and State Bank of Travancore (merged with State Bank of India).