In accordance with Reg. 30 of the SEBI (LODR) Regulations, 2015, as amended read with Schedule III of the Listing Regulations, we hereby inform you that Ramco Industries Limited ("Company") at its Board Meeting held on 12th July, 2023 has approved the execution of the Share Subscription and Purchase Agreement ("SSPA") for the purpose of sale and transfer of its entire shareholding (i.e.46,15,83,065 equity shares) in Lynks Logistics Limited ("Lynks") to Bundl Technologies Pvt. Limited ("Bundl", operating under the brand name "Swiggy") in exchange for Compulsorily Convertible Preference Shares (CCPS) of Bundl to be issued and allotted by Bundl to the Company. The Company will also be providing representations/warranties/indemnities to Bundl in connection with the proposal, the aggregate indemnification liability of the Company not to exceed Rs.79,99,19,268/- as per the agreed terms under SSPA, subject to any Closing date adjustments on account of Working Capital and Net Debt of Lynks.