Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors of Sunbeam Lightweighting Solutions Private Limited (Sunbeam), Material and Wholly Owned Subsidiary of the Company, at its meeting held on 22nd January, 2025, has approved the sale of land located at Gurgaon, subject to the approval of the Shareholders of Sunbeam and other necessary regulatory and statutory approvals, if any. Further as per Regulation 24 of the SEBI (LODR) Regulations, 2015, the above mentioned sale of land is also subject to the approval of the Board of Directors and the Shareholders of the Company.