The Company has appointed Deloitte Touche Tohmatsu India LLP, a globally reputed professional services firm, as its strategic tax and regulatory advisor and transaction program manager, to assist the Company in evaluating, structuring and implementing a scheme of merger and related regulatory compliances. This mandate underscores the Company's commitment to adopting best-in-class governance standards, robust compliance frameworks and transparent execution of strategic initiatives. Further, based on strong business synergies, operational complementarities and a unified growth vision, the Board of Directors is in the process of evaluating a scheme of merger of the following companies with Elitecon International Limited, subject to requisite statutory, regulatory and Hon'ble NCLT approvals