Further to our letter reference no. BPL/SECT/38/2020-21 dated 11th November, 2020, regarding divestment of equity shares held in M/s. AP Golden Apparels Private Limited, wholly-owned subsidiary of the Company to Mr. Narender Surana. In this regard, we would like to inform you that, the said transaction has been materialised and the Company has divested the entire equity shares held in M/s. AP Golden Apparels Private Limited to Mr. Narender Surana, pursuant to the Share Purchase Agreement dated 1st March, 2021. We would also like to inform you that, consequent to above divestment, M/s. AP Golden Apparels Private Limited ceased to be a Subsidiary Company with effect from 16th March,2021.