Pursuant to the approval of Audit Committee and subject to the approval of Members by special resolution, the Board in its meeting held today i.e. August 18, 2023 approved the following; 1. Sale of Capital Investment Contribution held by the Company in the joint Venture Firm, IITL Nimbus The Express Park View to Nimbus project Limited, the existing joint Venture Partner of the Firm. 2. Sale of Capital Investment Contribution held by the company in the Joint Venture firm, IITL Nimbus The Palm Village to Nimbus Projects Limited, The existing Joint Venture Partner of the Firm.