Pursuant to the regulation 31A of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the members of the Company at the Extra-Ordinary General Meeting held on December 07, 2019 has approved the re-classification of promoter (i.e. M/s. Aunde Achter & Ebels GmbH) to public. In reference to the above, the Company has submitted the necessary application for re-classification to BSE limited on December 11, 2019.