Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the Board of Directors of the Company at their meeting held on Friday, 22nd July 2022 gave their in-principle approval for exploring the possibility of monetizing the Company''s freehold land and building situated at Majiwade, Thane, Maharashtra, subject to necessary formalities being completed.
The Company will give the requisite disclosures to the exchanges once definitive agreements are reached.
Kindly take the same on your records.
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