This is in furtherance to our earlier intimation dated 5 October, 2020, with respect to the approval of the Board of Directors of the Company to the proposed draft Scheme of Amalgamation ('Scheme') amongst Electrosteel Castings Limited ("ECL") and the Company and their respective shareholders and creditors. Pursuant to Regulation 30, read with Schedule III and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the Competition Commission of India (CCI) has accorded its approval to the proposed Amalgamation of the Company with ECL. The Scheme remains subject to the receipt of other statutory and regulatory approvals, including the approvals of the Stock Exchanges, Securities and Exchange Board of India, National Company Law Tribunal and the respective shareholders and creditors of the Company as well as ECL.