Further to our disclosure dated 10th October, 2024 w.r.t outcome of Board Meeting held on 10th October, 2024, please be informed that today, i.e 14th October, 2024, the Company has entered into a Joint Venture Agreement with Marvels International Group Co Ltd of Seychelles and Marvel Refractories (Anshan) Company Limited of P R China to set up a Joint Venture Company in India with limited liability.