We refer to our disclosures dated January 22, 2022 and May 23, 2023, pursuant to the provisions of Regulation 30 (read with Part A of Schedule III) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In furtherance to the said disclosures, we hereby inform you that upon fulfilment of the terms and conditions mentioned in the Memorandum of Understanding dated May 23, 2023, the Company has, pursuant to the Indenture of Conveyance ("Conveyance") dated December 5, 2023, entered with Oberoi Reality Limited ("Purchaser") sold and transferred the land admeasuring approx. 25,700 square meters (as per Title Deeds) situated at 2nd Pokharan Road, Majiwade, Thane - 400610 along with Building and Structure standing thereon for a consideration of Rs. 196,00,00,000/- (Rupees One Hundred and Ninety Six Crores only)