Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Government of Goa vide its 'Notice Inviting Tender'' dated September 30, 2022, had invited tenders to participate in electronic auction for grant of Mining Lease in respect of iron ore mines in the State of Goa. The Company had submitted its bid in electronic auction for grant of Mining Lease. As per the notice dated 22nd December, 2022 issued by the Directorate of Mines & Geology, Government of Goa, the Company has been declared as ''Preferred Bidder'' in respect of eauction of Block I - Bicholim Mineral Block based on highest Final Price Offer of 63.55% submitted by the Company.