Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), 2015, this is to inform you that, we as a SEBI Registered Category I Merchant Banker was prominently engaged in the Valuation of shares and securities under the provisions of Section 56 (2)(viib) of the Income Tax Act, 1961 read with Rule 11UA of Income Tax Rules, 1962 and majority of total revenue of our Company was deriving from the valuation under this provision of income tax. However, as per Finance (No.2) Bill 2024 presented on 23rd July, 2024, the Section 56 (2)(viib) of the Income Tax Act, 1961 is now not applicable. Accordingly, valuation of shares and securities may no longer be required for issuance of shares and securities. Therefore, there may be substantial adverse effect on total revenue of our Company due to non-applicability of Section 56 (2) (viib) of the Income Tax Act, 1961.