Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is being informed that the management has taken the following decisions: 1. As intimated earlier, on the process of phasing out manufacturing activities in its premises situated at Survey No.1/1 & 1/2, Village Khutali, Khanvel-Doodhani Road, Silvassa - 396230 (UT of DNH), the company has commenced equipment sale in the said location. Further, decisions relating to the Company premises are still under consideration. 2. The company has entered into an agreement for disposal of assets of its subsidiary company namely, Hind Aluminium Industries (Kenya) Limited (based in Kenya). This process is expected to be completed in the current quarter ending June 2023. We request you to kindly take the above on record in terms of Regulation 30 SEBI (LODR) Regulations,2015 and disseminate the information to the public. We will update further developments as they take place.