We wish to inform that a plan of merger of Frenotecnica S.r.l, Italy, and New Fren S.r.l, Italy, (Transferor Companies), wholly- owned step down subsidiaries of the Company with Endurance Adler S.p.A, Italy (Transferee Company) wholly-owned step down subsidiary of the Company, has been approved by the Board of Directors of respective companies today i.e. 31st July, 2024.