In furtherance to our above referred letter and pursuant to applicable provisions of RBI Notification No. RBI/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 dated September 24, 2021, Master Direction - Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021, Management Committee of the Board of Directors of the Company vide its resolution dated December 28, 2022, Wednesday has approved the transfer of stressed loan portfolio including written off loans of Rs.323.08 Crore outstanding as on September 30, 2022 to an Asset Reconstruction Company pursuant to Swiss Challenge Method for a consideration of Rs.95 Crore.