We wish to inform you that the Board of Directors of the Company, in its meeting held on 28/10/2021 at 10.00 AM have considered and approved the proposal for demerger of the Company, wherein the existing undertaking of the Company will be divided into two divisions viz.,Division-1 Omalur Road,Jagir Ammapalayam,Salem-636 302 and Division-2 - Kamaraj Nagar Colony,( Opp to TNEB Sub-station) Udayapatty,Salem-636 014 and the divisions shall be hived off to into two Resulting Companies to be incorporated by way of a Scheme of Arrangement (Demerger).