Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirement) Regulations 2015, we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. Friday, 22nd September, 2023 discussed on starting a new business project with respect to creating a specialized AI-based application solutions to establish viable AI-driven ecosystem to automate tasks and optimize business performance by focusing on the newest technology and agile processes including research and development in image processing, artificial intelligence, communications, networking, process control software. The company shall take necessary approvals and make necessary amendments with respect to same.