Pursuant to Part -A of Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015 (LODR Regulations), we hereby inform you that the Board of Directors of the Company, at its meeting held today, subject to approval of shareholders of the Company by way of postal ballot, have considered and approved a related party transactions with the Maharaja Shree Umaid Mills Limited (MSUM), a group Company through a scheme of amalgamation where in 4 subsidiaries, 1 associate and 1 group company are proposed to be merged with MSUM subject to the approval of the Hon'ble NCLT, Kolkata.