Pursuant to Regulation 30 of the SEBI LODR REG we would like to inform that the Board of Directors of our wholly owned subsidiary Company i.e. Roni Agro Limited (CIN: U01100MH2023PLC397603), pursuant to approval granted by shareholders via special resolution has allotted Equity shares of Rs. 10 each of Roni Agro Limited at an issue price of Rs. 100 each ( including premium of Rs. 90/- per share) on preferential basis to below mentioned persons: 1 Harish Manohar Sirwani Individual - Promoter 1,25,000 2 Nidhi Harish Sirwani Individual - Promoter 1,25,000 TOTAL 2,50,000 The said allotment is pursuant to conversion of unsecured loan granted by the above mentioned persons of Rs. 2,50,00,000. Consequent to said allotment, Roni Agro Limited ceases to be the wholly owned subsidiary of the Company. Post issue shareholding of the company will reduce to Fifty one percent thereby the status of Roni Agro Limited would be that of a subsidiary instead of wholly owned subsidiary.