We are pleased to inform that the SICC has awarded the value of Kiri's 37.57% stake in DyStar Global Holdings Pte Ltd (DyStar) at US$482.50 Million, with two minor adjustments in relation to application of tax rate for FY 2018, and DyStar Group Tax Rate pertaining to Longsheng fees. In opinion of the management ,these two adjustment are expected to be less than US $ 2.00 Mn, and hence shall not effect more than US$ 2.00 Mn of Company's stake value of US$482.50 Mn decided by the SICC. Accordingly, in opinion of the management, the value of Kiri''s stake determined by the court would be around USD 480 Mn (approx. INR 3,500 crore). The final crystallisation of this residual minor adjustment is expected to be done by Singapore Court, within the next 3-4 weeks, as per assessment of our legal team. Please note that the court case summary can be viewed at https://www.supremecourt.gov.sg/news/case-summaries/kiri-industries-ltd-v-senda-international-capital-limited-and-another-2021-sghci-2