We wish to inform that Max Square Limited, subsidiary of the Company has been declared as a successful winner today i.e. August 5, 2022, in the bidding process held through an e-auction platform for purchase of 2 (two) land parcels admeasuring 1.96 acres each situated in Sector 129, Noida (U.P.), India ('Land Parcels'), which were auctioned by Axis Bank Limited, which currently holds the leasehold rights of development of commercial office space at FAR of 4 (Total FAR: ~685,000 Sqft) on the Land Parcels. The acquisition is subject to customary statutory approvals.