Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a wholly owned foreign subsidiary of the Company by the name 'NEORISE TECHNOLOGIES - FZCO' has been formed under the Dubai Silicon Oasis Authority and registered in Free Zone Company records on December 27, 2021 for which the intimation is received at our end yesterday in the second-half only. NEORISE TECHNOLOGIES - FZCO has been formed with the object of providing Management Consultancies, Project Management Services and to make investment in Commercial enterprises and Management. This is for your information and records please.