We would like to inform you that Prudential Sugar Corporation Limited (\PSCL\) or \the Company\) has yesterday i.e., 19th April, 2024 entered into a Memorandum of Understanding (\MoU\) with The Failte Ventures Group Limited, Ireland, copy enclosed for floating a Joint Venture Company for the purpose of setting up Solar Panel Manufacturing facility in India with a capacity of 500 MW per annum (\Proposed Project Transaction\, subject to necessary regulatory and statutory approvals, as applicable.\r\n\r\nFurther details are in the annexed statement of disclosure furnished pursuant to Regulation 30 of the SEBI Listing Regulations. \r\n\r\nWe request you to kindly take he above on record.