Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that the Board of Directors of Max Ventures and Industries Limited ('MVIL' or 'the Company') in its adjourned meeting held yesterday i.e. on November 14, 2021 has approved sale / disposal / alienation of entire 51% (fifty one percent) of the paid up share capital held by the Company in Max Specialty Films Limited ("MSF"), a material unlisted subsidiary of the Company, in two tranches, to Toppan Inc. ('Toppan'), a company incorporated under the laws of Japan and having its registered office at 1-5-1 Taito, Taito-ku, Tokyo - 110-8560, Japan. The proposed transaction is subject to customary closing conditions, including but not limited to shareholder or other approval(s). Toppan already holds 49% shares in MSF.