GMM PFAUDLER LTD. - Patel Family Completes Payment Of Balance 25% Consideration To Pfaudler Inc. For Inter-Se Transfer Of 1% Equity Stake

Please refer attached letter regarding completion of payment of balance 25% consideration by Patel Family (through Millars Machinery Company Pvt Ltd) towards acquisition of 1% equity stake in GMM Pfaudler Ltd from Pfaudler Inc.