In terms of the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we are pleased to inform you that the Company has received No Objection Letter issued by PNB Housing Finance Ltd (PNBHFL) for signing a Joint Venture Agreement with M/s Tulip Infratech Private Limited for takeover of all development rights to carry out all developments activities in relation to residential project namely Aarohan Residences at Golf Course Road sector-53 Gurugram Haryana (Project).