Pursuant to Regulation 30 of SEBI(LODR) Regulations, 2015, we wish to inform you that the Board of Directors at their meeting has approved the sale of non-agricultural land of the Company held on lease admeasuring 10667.52 sq. mtrs carved out from Final Plot no. 98 of Town Planning Scheme No. 7 (Anjana) situated within the limites of Surat Municipal Corporation, Tukla Surat City, District Surat, as a going concern basis to Samprati Buildcon Private Limited ("the buyer") for lumpsum consideration of Rs. 60 Crore.