Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR'), this is to inform that a consortium of three Indian partners namely 3i Infotech Limited ('the Company'), Forensics Intelligence Surveillance and Security Technologies Private Limited (FISST) and Yellow Inc, have been awarded Wi-Fi Monetisation Project ('the WiFi Monetisation Project') by RailTel Corporation of India Limited, with the Company being the lead bidder. For pursuing the WiFi Monetisation Project, the Board of Directors of the Company, at its meeting held on December 16, 2022, has inter-alia approved formation of subsidiary company. Please refer the attached letter for further details.