Pursuant to Regulation 30 of the SEBI (Listing Regulation and Disclosure Requirement) Regulations, 2015, please be informed that as part of the strategy to monetize investments and non-core assets, the Company has executed a Share Purchase Agreement dated May 25, 2023, with inter alia Authum Investment and Infrastructure Limited (the purchaser), to sell and transfer 41.01% of its equity stake from out of 51% in its subsidiary viz. Michigan Engineers Private Limited ('MEPL') and have also completed the transfer of such shares today.