Gautam Gems Ltd - Board Meeting Outcome for Outcome Of Board Meeting Dated 24-09-2024

Pursuant to Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company at their meeting held today i.e Tuesday, 24.09.2024, considered and approved: - to make an Overseas Direct Investment in 'AG CORPORATION LTD', a company registered with 'The Registrar of Companies for England and Wales' having address at Unit Two, Second Way, Wembley, Greater London, United Kingdom HA9 0YJ, for ??1,00,000.00. The same shall be used towards subscription of Memorandum of Association (MOA) of AG CORPORATION LTD. We further inform that once the subscription is made, AG CORPORATION LTD will become wholly owned subsidiary company pursuant to 100% subscription by Gautam Gems Limited - Resignation of Mrs. Kanchanben Pravinbhai Sheth (DIN: 06748900), Executive Director - Resignation of Prakash Nanalal Mehta (DIN: 07919440), Non-Executive - Independent Director