This is in continuation to our earlier intimation dated 21st October, 2020, wherein it was informed that the Board of Directors of Pranavaditya Spinning Mills Limited ('Company/PSML/Transferor Company') had approved the Scheme of Amalgamation of the Company with Indo Count Industries Limited, holding Company ('Transferee Company/ICIL') under Section 230 to 232 read with other applicable provisions of the Companies Act, 2013 and Rules framed thereunder, subject to receipt of applicable regulatory approvals. In this regard, we would like to inform you that BSE Limited has issued its Observation /No-objection Letter dated 25th March, 2021 as required under Regulation 37 of the SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015 conveying ''No adverse observation/No-objection'', to the Scheme. The aforesaid letter is also being hosted on the website of the Company at https://www.pranavaditya.com/investor-relations/.