Pursuant to Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to inform you that the Board of Directors at their meeting held on Thursday, 24th August, 2023, inter alia, have considered and approved Approval for sale of Flexible Intermediate Bulk Container (FIBC) Business of Pithampur unit of the Company to Flexituff Technology International Limited, subsidiary of the Company.