Pursuant to Regulation 30 and any other applicable regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations', as amended) read along with the Schedule III of the said Regulations and further to our intimation of Board Meeting dated May 05, 2022, we hereby notify that the Board of Directors of Suumaya Corporation Limited ('the Company') at its meeting held on Tuesday, i.e., May 17, 2022 which commenced at 12.30 P.M, have inter alia, approved the following:
As the Company in its' intimation as dated above, informed regarding the restructuring company including its business and the group Companies. As a part of strategy and planning, the Company has entrusted this responsibility for strategizing the restructuring to an internal Committee of Board of Directors, viz. Executive Committee. The Company shall update the exchange and the stakeholders time to time on the same accordingly.