We hereby inform you that the Board of Directors of the Company, at their just concluded meeting, have approved the issuance of Corporate Guarantee in favour of JP Morgan Chase Bank, N.A., London Branch (\Lender') for the Credit facilities for an amount of up to CHF 20 Million or equivalent, to be availed by Continental Coffee SA, Switzerland ('Borrower'), wholly owned subsidiary of the Company.\r\nThe Board Meeting commenced at 10:15 am (IST) and concluded at 01:20 pm (IST). \r\nThis is for your information and necessary records.