The Company has received Report under Regulation 10(6) of SAST, as furnished by Shri Rishi Todi, who has acquired 3,57,470 Equity Shares (5.97%) of the Company from Mrs. Priya Manjari Todi - pursuant to inter-se transfer of shareholding amongst the Promoter Group without any consideration - by way of gift (i.e.: off-market transaction) on 24/12/2020. The same is enclosed herewith. Since the aforementioned acquisition is an inter-se transfer amongst the Promoters/Promoter Group, hence the same is an exempted acquisition in terms of Regulation 10(1)(a)(i) and 10(1)(a)(ii) of the SEBI(Substantial Acquisition of Shares & Takeover) Regulation, 2011 ('SAST'). Post the proposed acquisition, Mr. Rishi Todi's shareholding has increased from 2,98,082 Equity Shares (4.98%) to 6,55,552 Equity Shares (10.95%). The aggregate shareholding of the entire Promoter & Promoter Group remains unchanged at 40,65,430 equity shares (67.88%).