Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has executed a term sheet intending to acquire a commercial space admeasuring 44,250 sq. ft. more or less located at PS Srijan Tech Park, DN-52, Sector V, Salt Lake, North 24 Parganas, West Bengal - 700091 ("Proposed Transaction") for a consideration of Rs. 32.5 Crores ("Proposed Consideration").
In furtherance of the said transaction, the Company has made a payment of Rs. 1 Crore as an advance against total proposed consideration. Final deed of the proposed transaction will be concluded in due course.
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