We wish to intimate that the Board of directors of KBC Global Limited at their board meeting held on
Tuesday, May 17, 2022 inter-alia considered and discussed the overall scenario after analysis, detailed
research and due-diligence and decided not to proceed with the proposal for investment into mining since
there is no viability found. The Company plans to focus purely on the real estate segment right from
affordable housing to luxury for all kind of customers.
The Company plans to launch 4 to 5 projects in coming months, the respective updates on the same would
be done as per the schedule. In order to maximize the bottom line, the Company has undertaken
development of commercial projects in prime areas of Nashik location.