In term of regulation 30 of the SEBI LODR we hereby inform you that the Board of Directors at its meeting held on July 25, 2023 have approved Scheme of Arrangement amongst the Company and the Shareholders and creditors under Section 230 and 232 of the Companies Act, 2013, for reduction of share capital of the COmpany by way of cancellation of the entire ''A" Ordinary shares of the Company