This is informed to you that the Board of Directors of the company at their Meeting held on 15th October, 2021 have executed a Leave & License Agreement between the Company and Hilton Metal Forging Limited for taking on Leave and License basis the Hilton's Factory situated at Shah & Mehta Industrial Estate, Plot No.28, 29, Village Ghonsai, Taluka Wada, District Palghar, Pin code - 421312, Maharashtra for a period of five (5) years on the terms and conditions as mentioned in the said agreement.