We are writing to inform you in accordance with the provisions of Regulation 30(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 about a recent development pertaining to our wholly owned subsidiary, Yellowstone Fine Chemicals Private Limited (YFCPL). We would like to inform that YFCPL has successfully commissioned the 1st phase of its manufacturing facility located at G-60, MIDC, Lote Parshuram, Dhamandevi, Dist. Ratnagiri, Maharashtra. Going ahead, YFCPL''s primary focus over the next few months will be on operationalizing the entire site in phased manner and ensuring a seamless stabilization of operations without any compromise on safety. In light of the above, we kindly request you to take note of this development and acknowledge it for our records.