Pursuant to regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors ('the Board') of the Company at its meeting held today i.e. April 22, 2023 inter-alia has approved to acquire the 1,08,85,648 (One Crore Eight Lakh Eighty Five Thousand Six Hundred Forty Eight) Unsecured Compulsory Convertible Debentures (CCD) of the face value of Rs. 10/- each of SBEC Stockholding and Investment Limited from the SBEC Bioenergy Limited at a total consideration of Rs. 34,59,84,974/- (Rupees Thirty Four Crores Fifty Nine Lakhs Eighty Four Thousands Nine Hundred Seventy Four) only.