Pursuant to Regulation 30 of SEBI (LODR) Regulations 2015 we wish to inform you that at the 29th AGM of the Company held on 29.09.2022 the members have approved the proposal to borrow/continue to borrow money/ credit facility for an aggregate value not exceeding Rupees 75 Crore in one or more tranches from Nimbus (India) Limited a related party for a period not exceeding 02 years. Other particulars in relation to the Loan are attached in the Disclosure in detail.