Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Circular Ref no. CIR/CFD/CMD/4/2015 dated September 9, 2015 issued by SEBI, we inform you that the Company has completed substantial payment of premium late last evening to the Municipal Corporation of Greater Mumbai (MCGM) to amend the plans and to enable endorsement of Commencement Certificate (CC) for 'The Ruby' tower at Dadar, Mumbai. The building which was earlier approved under the Development Control Regulations 1991 (DCR 1991) is now converted under the current regulations i.e. Development Control and Promotion Regulations 2034 (DCPR 2034). Post compliance of the CC conditions, the Occupation Certificate (OC) shall be granted by the MCGM as per due process. This shall enable the company to unlock the real estate value. At this stage, the Company cannot evaluate the actual impact. Kindly take the above on record.