This is furtherance to our earlier communication dated 21.09.2021 and pursuant to the Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that the Resolution Plan submitted by the Steel Strips Wheels Limited for the acquisition of AMW Autocomponent Limited under Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code, 2016, has now been approved verbally (today i.e 12/10/2023) by the Principle Bench of the NCLT, Ahmedabad. Furher, written order from the NCLT is awaited and shall be received as and when received.