With reference to the captioned subject matter and pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. 23rd April, 2024, inter-alia, has approved the proposal for incorporation of a Wholly Owned Subsidiary Company ('WOS') in India for the purpose of undertaking the business activities of 'Investment Management and Advisory Services'. \r\nThe necessary disclosures/ updates under Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, shall be provided once the proposed WOS is incorporated.\r\n\r\nThe meeting of Board of Directors commenced at 12:35 p.m. and concluded at 12:55 p.m.\r\n\r\nThis is for your information and records.\r\n