In furtherance to the approval given and authority granted by the Board of Directors at their meeting held on August 13 2021 the Company has entered into an Agreement dated August 27 2021 for sale of its land at Hyderabad for a total consideration of Rs. 69.30 Crores payable as per the schedule of payment and other terms and conditions mentioned in the said Agreement. As per terms of the Agreement the Company has received a payment of 10% of the total consideration on execution of the Agreement.