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We wish to inform you that the Company has recently received all requisite approvals from the concerned authorities and both the parties (the Company and Vidhi) have completed the conditions precedents set out in the BTA. Accordingly, the Company has transferred its Business Undertaking at Thane including Land, Plant & Machinery and all the workmen employed at the said Business Undertaking to Vidhi Research and Development LLP effective close of business February 24, 2023.
Please take the above on record.
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