Pursuant to the provisions of Regulation 30 of the SEBI(Listing Obligation and Disclosure Requirements) Regulations 2015 the Board of Directors of the Company at its meeting held today i.e. 24th July 2023 have approved the transfer of its Transportation of Passengers by Air Undertaking by way of slump sale on a going concern basis to M/s Vijayanand Travels Pvt. Ltd. an entity owned and controlled by the promoters of the Company.