The Board of Directors at their meeting held on 14.11.2022 have accorded their consent to acquire the Rural, Industrial Building property of 52.38 Cents situated at TEKIC TEA Nagar, SIDCO, Mudalipalayam Village, Tirupur - 641606 and being a related party transaction not in the ordinary course of Business and in excess of the threshold limit, subject to the approval of the Members of the Company at the Extra-Ordinary General Meeting of the Company.