This is to inform you that the Company has subscribed on rights basis ("Rights Issue") 40,00,000 (Forty Lakh) equity shares in its immaterial wholly-owned subsidiary, Mid-day lnfomedia Limited, of Rs. l0/- each at a premium of Rs. l0/- per share, for cash. Post the allotment of shares as above, Mid-day Infomedia Limited shall continue to be a wholly-owned subsidiary of the Company. The Details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 in relation to above is enclosed herewith as Annexure-A. Kindly take the above information on your record. Thanking You.