This is with reference to the captioned subject, we wish to inform you that the Board of Directors in their meeting held today (i.e. 17th May, 2023), approved in principle to dispose off (either by way of sale or liquidation) Green Ray Holdings Limited, United Kingdom, subsidiary of the Company alongwith its step down subsidiary, Derwent Sand SARL, Algeri.
Disclosure in terms of Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular
No. CIR/CFD/CMD/4/2015 dated 9th September 2015 will be provided once the action is taken pursuant to above approval.