Pursuant to Reg 30 of SEBI Listing Regulations, we wish to inform you that the Government of Goa vide its 'Notice Inviting Tender'' dated 25.01.23 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 9.6.23 issued by the Directorate of Mines & Geology, Government of Goa,the Company has been declared as ''Preferred Bidder'' in respect of electronic auction of Block VII-Cudnem Mineral Block based on highest Final Price Offer of 93.15% submitted by the Company.The grant of Mining Lease by the Government of Goa in respect of aforesaid mine shall be subject to making of necessary payments, completion of other terms and conditions of the Tender Document, obtaining of necessary approvals/permissions/clearances from various Government Departments/Agencies and execution of necessary agreements/deeds in the matter.