Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CFD/DIL3/CIR/2017 /21 dated March 10, 2017, we wish to inform you that Board of Directors of the Company at its meeting held on July 02, 2019 at 4.00 p.m., considered and approved the Scheme of Amalgamation (Scheme) pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, providing for the amalgamation of Steel Strips Limited (Transferor Company) with SAB Industries Limited (Transferee Company). The Appointed Date for Amalgamation under the Scheme is 1st April, 2019. Kindly take note of the same for your records. The Meeting concluded at 4.45 p.m.