Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9 2015 we wish to inform you that the Company has incorporated a Step-down Wholly Owned Subsidiary in the name of M/s Estatelance Real Estate Private Limited. The required information is annexed herewith.