Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform you that the Board of Directors at it meeting held today i.e. 10.06.2024, have approved disinvestment/winding up of Jordanian Renewable Aluminium Fluoride Manufacturing Company P.S.C. (Jordan Company), a step down subsidiary company in The Hashemite Kingdom of Jordan. This has been decided considering the geo-political instability in the Middle East and the fact that the step down subsidiary has not commenced its business operations till date. The Board suggested to explore opportunities in domestic/international markets. At present, the decision for disinvestment/winding up is at a primary stage and the same shall be discussed further with the JV Partners by Alufluoride International Pte. Ltd., Singapore, subsidiary company. The Company shall provide necessary updates on this as and when communication is received from Alufluoride International Pte. Ltd, Singapore, subsidiary company and the Jordan Company.