This is to inform you that Parvat Ponce, LLC has been incorporated in the State of Delaware, USA as a JV Entity of MICL Global, INC (a wholly owned subsidiary of the Company). Further, we are pleased to inform you that Parvat Ponce, LLC has executed LLC Agreement of 1505 Ponce Partners LLC in connection with development of luxury condominium project located at Miami, Florida, USA. The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September 2015, are enclosed.