This is further to our communication dated May 15, 2024 intimating the Board's approval to Merger and Amalgamation of the Company with its wholly owned subsidiaries. We would like to inform you that the Board of Directors of BMW Industries Limited ('the Company') in its meeting held at the Registered Office of the Company on Wednesday, August 14, 2024 has inter alia, considered & approved the Scheme of Merger and Amalgamation of the Company with its wholly owned subsidiaries i.e. BMW IRON & STEEL INDUSTRIES LIMITED and NIPPON CRYO PRIVATE LIMITED, by way of merger procedure under section 230 to 232 of the Companies Act, 2013 and other relevant provisions of Companies Act and Securities and Exchange Board of India, Regulations. (Copy of the Scheme Attached as Annexure A) The meeting of the Board commenced at 4.30 P.M. and concluded at 6.00 P.M. You are requested to take the aforesaid information on your record.