In terms of Regulation 30 of the SEBI ('LODR'), this is to inform you that the Board of Directors of Somany Home Innovation Limited ('Company'), at its meeting held on March 25, 2021 has inter-alia approved the execution of the share subscription and shareholders agreement ('SSHA') (along with the ancillary agreements) with M/s Atlantic Societe Francaise De Development Thermique, France ('Groupe Atlantic') and Hintastica Private Limited ('HPL'), which at present is a wholly owned subsidiary of the Company. The Company will infuse Rs.766.59 lakh by subscribing 25,300 equity shares and Groupe Atlantic will infuse Rs.6826.59 lakh by subscribing 225,300 equity share capital in HPL, such that post aforesaid investments by the Company and Groupe Atlantic, HPL will become a 50:50 joint venture between the Company and Groupe Atlantic. The aforesaid equity investments in HPL will be made at mutually agreed valuation of Rs.3030 per share. (Rs.10 face value plus share premium of Rs.3020).