Pursuant to Regulation 30 and Schedule III of the Securities and Exchange Board of India (LODR) Regulations, 2015, as amended , kindly note that the Executive Committee of Directors of the Company at its meeting held today, approved the sale of upto 10,72,775 equity shares of face value of Rs. 10/- each of Butterfly Gandhimathi Appliances Limited, a material subsidiary of the Company, representing upto 6 % of its total issued and paid-up equity share capital through an offer for sale through stock exchange mechanism, in accordance with the applicable laws, towards compliance with the requirement of minimum public shareholding requirements in terms of Rule 19A of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 38 of the SEBI Listing Regulations. We request you to kindly take the same on record, upload the same on your respective websites and the same be treated as compliance under the applicable regulations of the SEBI LODR Regulations.