This is with reference to our letter dated April 07, 2021, submitted under Regulation 30 of the SEBI (LODR) Regulations 2015, wherein it was intimated that Generic Chartered Resources Private Limited was incorporated as a wholly owned subsidiary by subscribing 100% Equity Shares by Generic Engineering Construction and Projects Limited. In connection of the same we hereby inform you that Generic Engineering Construction and Projects Limited has entered in a Share Purchase Agreement dated June 28, 2021 for sale/disposal of 100% Equity Shares held in Generic Chartered Resources Private Limited. Pursuant to execution of the Share Purchase Agreement and transfer of shares, Generic Chartered Resources Private Limited will cease to be the wholly owned Subsidiary of the Company. The details as required under Regulation 30 of the SEBI (LODR) Regulations 2015 read with SEBI Circular no CIR/CFD/CMD/4/2015 dated September 09, 2015 is annexed herewith as Annexure A.