This is in reference with letter dated on July 01,2022, the Adjudicating Officer of SEBI via order dated June 30, 2022, has imposed penalty of Rs. 10,00,000/- under Section lSH(ii) of SEBI Act, 1992 on Shrimati Vimaladevi R. Tikmani, Ms. Pooja Tikmani, Mr. Rishi Tikmani, Rajendra Tikmani HUF to be paid jointly and severally for violation of Regulation 14(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 1997. In above matter, the Company had filed an appeal before the Securities Appellate Tribunal against the said order yesterday.