We are pleased to inform that at meeting of the Board of Directors of the Company held on Monday, September 04, 2023 at 11.00 A.M. at Charni Road, Mumbai the following business items inter-alia were transacted and approved 1) The disposal by way of Voluntary Liquidation of the Wholly Owned Subsidiary. i.e. Chowgule Steamships Overseas Limited having negative networth and no income. 2) To let out the land not exceeding 40 acres on lease or rental basis situated at village Sande Lavghan Ratnagari to Angre Port Private Limited and/or Chowgule Lavgan Shiprepair Private Limited subject to the approval of members 3) To sale the Land not exceeding 40 acres situated at at village Sande Lavghan Ratnagari to Angre Port Private Limited and/or Chowgule Lavgan Shiprepair Private Limited subject to the approval of members. 4) Other business activities Kindly Acknowledge