We are pleased to inform you that the Company has emerged as the preferred bidder to act as Sub-concessionaire for the project of Tolling Operation Maintenance and Transfer of (a) Yashwantrao Chavan Expressway (6 lane access controlled expressway along the Mumbai-Pune Corridor starting from Kalamboli and ending at Dehu Road in the State of Maharashtra); and (b) Mumbai-Pune Section of NH-48 (Old NH4) from Shilphata (K.M. 131/200) to Nigadi (K.M. 20/400) on Toll Operate Management and Transfer basis (Project) and have received Letter of Acceptance (LOA) dated February 25 2020. Please find enclosed herewith the Press release issued in this regard.