Pursuant to the requirement of Regulation 30 of the SEBI (LODR) Regulation, 2015, we would like to inform you that the Board at its meeting held on June 27, 2025 considered and approved the proposal to incorporate Company''s new Wholly owned subsidiary Company in Gift City, Gujarat, India, which is being developed as a global financial services hub by government of India for providing financial services , subject to the approval of IFSCA.