THE COMPANY HAS ASSOCIATE COMPANY BY NAME VEEJAY SALES AND SERVICES LIMITED (VSSL)CIN-U05150TZ1995PLC005705. IT HAS BEEN SUGGESTED AT THE BOARD MEETING ON 29-05-2025 BY DIRECTORS FOR MERGER OF VSSL WITH THE CONSIDERING THE BENEFITS THAT MAY ACCRUE SUCH AS ECONOMY OF SCALE OF OPERATIONS, OPERATIONAL AND ADMINISTRATIVE EFFECIENCY. IN VIEW OF THE BENEFITS THAT ARE EXPECTED THE BOARD DECIDED TO HAVE A PRELIMINARY STUDY, SUCH AS CONSULTATION WITH SPECIALISTS NAMELY REGISTERED VALUERS, MERCHANT BANKER AND LEGAL CONSULTANT TO ASCERTAIN THE COST AND BENEFIT OF THE PROPOSAL AND THEN TAKE A FINAL DECISION IN THIS RESPECT.