AJR Infra And Tolling Ltd - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

This is to inform you that the Board of Directors of the Company in its Board meeting held on 20th July, 2022, transacted the following businesses: 1. Approved the divestment of the Company's stake in its wholly owned material subsidiary M/s. Sikkim Hydro Power Ventures Limited ('SHPVL') by way of sale / transfer of 6,27,35,942 equity shares of Rs.10/- each (constituting 100% of the paid-up capital of SHPVL) to M/s. Statkraft IH Holding AS having its office in Oslo, Norway which is engaged in the business of renewable energy, hydro-wind power and solar power projects. 2. Pursuant to Regulation 24 of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), the Board has convened an Extra-Ordinary General Meeting of the members of the Company on 12th August, 2022 for obtaining shareholders approval by way of a Special Resolution for sale / transfer / disposal / dilution of 100% of the total paid-up capital of SHPVL.