This is to inform you that in pursuance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 ('Listing Regulations') the Board of Directors of the company in its meeting held today, Friday, 22nd March, 2024 has inter- alia transacted the following business:
Considered and discussed about the Letter of Offer received from Siddha Midcity Private Limited (Subsidiary Company) for subscription of 39,200 Equity Shares under Rights Issue. The Board discussed the matter in detail and decided unanimously not to subscribe the equity shares under rights issue because the Company is already having sufficient investments in its subsidiary considering the fact that post rights issue the percentage of holding of the company will reduce proportionately.
The Board meeting was commenced at 11:00 A.M and concluded at 12:00 P.M.
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