In furtherance to our corporate announcement dated December 29 2022 and pursuant to Regulation 30 (7)of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 this is to inform andupdate you that the Company on February 17 2023 entered into a memorandum of settlement underSection 2(p) read with Section 18(1) of the Industrial Disputes Act 1947 and the rules made thereunder with the Dharmarajya-Kamagar Karmachari Mahasangh" a registered trade union of the Company at itsAPI Manufacturing Facility located at Plot No. L-6 M.I.D.C. Taloja Navi Mumbai Maharashtra which wasobserving strike from January 3 2023 (Memorandum of Settlement).
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