In furtherance to our intimation letter dated 05th May,2022 regarding proposal for acquiring equity stake in Extrovis AG in one or more tranches and our intimation letter dated 03rd September,2022 and 21st September,2022, we hereby further update your good office that pursuant to the approvals granted by the Board of Directors at its meeting held on 04th May,2022, the Company has remitted US $ 3.28 million on 12th December,2022 for 5.35 % of additional equity stake as part of third tranche and Company has remitted US $ 1 million on 19th January,2023 for 1.47% as part of the fourth tranche.