Pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, we wish to inform that the Company has incorporated two subsidiaries namely Velapan Systems Private Limited ('VSPL') and Nelatop Systems Private Limited ('NSPL'), the details whereof is set out in Annexure A As per the certificate of incorporation dated 10th March, 2022 of VSPL issued by the Registrar of Companies, Ministry of Corporate Affairs, the date of incorporation of VSPL is 10th March, 2022 and certificate of incorporation dated 14th March, 2022 of NSPL issued by the Registrar of Companies, Ministry of Corporate Affairs, the date of incorporation of NSPL is 14th March, 2022.