Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended, we would like to inform you based on recommendation of the Audit Committee and Committee of Independent Directors, the Board of Directors at their meeting held today i.e. November 15, 2022 has inter-alia considered and approved the Draft Scheme of Merger by Absorption ("Scheme") of Canopy Finance Limited ('Transferor Company'/ 'CFL'/ 'the Company') with Purple Finance Limited ('Transferee Company' / 'PFL') and their respective shareholders and creditors under Section 230 to 232 and other applicable provisions of the Companies Act, 2013. The Scheme of Merger by Absorption is subject to approval of the BSE Limited, Calcutta Stock Exchange Limited (stock exchanges), SEBI, NCLT and other competent authorities. The relevant details of the Scheme of Amalgamation as per SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015, as amended is are enclosed herewith.