Pursuant to Para (A) (1) (ii) (a) of Part A of Schedule III of the SEBI Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, we write to inform you that, in discharge of the obligations and liabilities undertaken by the Company under the Consent Terms filed with Bombay High Court by the Company, Shareholders of Vinca Developer Private Limited ('Vinca') & Others, the Company was obligated to purchase shares of Vinca from the Vinca's Shareholder (who was holding 99% of the Class A Equity Shares of Vinca) as per the terms of the Consent Terms. Accordingly, the Board of Directors at their meeting held on June 14, 2023, has approved the execution of Share Purchase Agreement to acquire 11,08,305 Class A equity shares at a price of Rs.1995.39 per share aggregating to Rs. 221,15,00,000/-, in the share capital of Vinca constituting 99.00% of the Class A Equity share capital of Vinca .