We wish to inform you that our Promoters, Mr. Dilip Suryavanshi and Mr. Devendra Jain, have completed sale of 5,65,500 equity shares and 2,98,542 equity shares respectively aggregating to 8,64,042 equity shares of the Company, constituting 0.63% of the paid-up equity share capital of the Company through open market sale in accordance with SEBI Circular No. SEBI/HO/CFD/CMD/ClR/P/43/2018 dated February 22, 2018 to achieve minimum public shareholding.
Consequent to the aforementioned open market sale, the Company has complied with minimum public shareholding requirements as mandated under rules 19(2)(b) and 19(A) of the Securities Contracts (Regulation) Rules, 1957, as amended, and Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.