We would like to inform you that, as advised to our Company vide letter received from Mr. Devendra Kumar Jain, Mr. Pavan Kumar Jain and Mr. Vivek Kumar Jain, the Promoters of our Company (the Jain Family) have executed a document for the implementation of the family settlement which inter-alia includes alignment of interests within the Jain Family such that the ultimate ownersh ip interests in the Company will<BR> be aligned with management of the Company, which is with Mr. Pavan Kumar Jain and his fam ily, through changes in ownership and control of the corporate entities belonging to the promoter group that hold shares in the Company.<BR> Please find enclosed the information as required to be disclosed under Regulation 30 of LODR in the format<BR> as prescribed under Clause 5, Part ''A'' of Annexure I of SEBI circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 in this regard.
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