Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [SEBI (LODR)], we would like to inform that the Board of Directors at their meeting held on 12th May, 2022 had approved incorporation of Wholly Owned Subsidiary Company outside India with an initial investment of INR 5,00,000/- (INR Five Lakhs Only). Thereafter, Board of Directors in their meeting held on 14th November, 2022, had approved the additional investment of INR 50,00,000/- (INR Fifty Lakhs Only) by way of subscription/acquisition of equity shares of Josts Engineering Inc. in USA, Wholly Owned Subsidiary of the Company, in one or more tranches. Out of the aforesaid approved investment, the Company has invested USD 15,000.00 equivalent INR 12,37,500/- (Rupees Twelve lacs Thirty seven thousand five hundred only) for acquiring 15000 Equity shares of Josts Engineering Inc. on 20th June, 2023. The details required under SEBI(LODR) Regulations, 2015 enclosed as Annexure-A.