Respected Sir/Madam, Pursuant to the provisions of the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of Raghuvir Synthetics Limited in their Meeting held today i.e. Friday, 26th November, 2021, which commenced at 12:00 P.M. and concluded at 12:35 P.M. at the Registered Office of the Company situated at Rakhial Road, Rakhial, Ahmedabad-380023, Gujarat, inter alia discussed, considered and approved the proposal to incorporate a Subsidiary Company of Raghuvir Synthetics Limited in the name of 'Dreamsoft Private Limited' or such other name as may be approved by the Central Registration Centre (CRC), Ministry of Corporate Affairs (MCA). Please take the above information on record and acknowledge the receipt.