In accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform you that M/s. Rajapalayam Mills Limited has entered into Share Subscription and Purchase Agreement (SSPA) on 12-07-2023 for the purpose of sale and transfer of 12,14,51,338 Equity Share in Lynks Logistics Limited [80,00,000 Compulsorily Convertible Preference Shares under conversion into Equity Shares and 11,34,51,338 Equity Shares under Acquisition) to Bundl Technologies Private Limited ("Bundl", operating under the brand name "Swiggy") in exchange of Compulsorily Convertible Preference Shares of Bundl to be issued and allotted by Bundl to the Company. The Company will also providing representations / Warranties / Indemnities to Bundl in connection with the proposal, the aggregate indemnification liability of the Company not to exceed Rs.21,04,74,068/- as per the agreed terms under the SSPA, subject to any closing date adjustments on account of Working capital and net debts of Lynks Logistics Limited.