Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 this is with reference to our disclosure dated April 05 2024 whereby it was informed that the Board of Directors at their meeting held on April 05 2024 considered and approved the further investment of upto Rs. 12 crores in its Associate Company -Progota India Pvt Ltd by subscribing in the Right issue of the Equity Shares made by the Progota in one or more tranches from time to time. In this regard we wish to inform you that the timeline for completion of the transaction / payment is expected to be completed by March 31 2025 which was earlier within six months from the date of disclosure i.e. by September 2024.
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