Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company today i.e. on 13th October, 2022, has executed an agreement ('Agreement') with Jazz Cinemas for transfer of Luxe Cinemas, the theatre business of Jazz Cinemas, on a going concern basis, by means of a slump sale ('Business'), on terms and conditions, more specifically defined in the Agreement. The Agreement records the process and manner of the transfer of the Business, including the conditions precedent etc. The Board of Directors of the Company and Jazz Cinemas Private Limited have approved the Agreement, the completion of which is subject to legal, regulatory, contractual and customary approvals (as applicable) and the completion of the agreed conditions set out in the said Agreement.