This is to inform that the Company on 20th September, 2021, has entered into an agreement to assignment of lease to acquire Plot No. D-2, MIDC Kurkumbh, Taluka Daund, Dist. Pune, admeasuring 1,32,687.50 Sq. Mtr. along with 14,065.90 Sq. Mtr. building constructed thereon from Shree Samrat Pulp and Paper Private Limited for a consideration of Rs. 32.01 Crores, subject to obtaining various approvals and permissions from the concerned authorities including MIDC, to set up an additional manufacturing facility. <BR> <BR> This transaction is not a related party transaction and the seller is not related to the promoter/ promoter group/ key managerial personnel of the Company.<BR>
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