The Board of Directors of the Company at its meeting held on May 16, 2025 has approved the proposal of Slump Sale, including authorizing directors/officers of the Company to negotiate, finalize and enter into the BTA and other related documents to give effect to the Slump Sale. Approved the transfer of part of Industrial Machinery Business namely designing, manufacturing, erecting and commissioning EOT Cranes, other materials handling and process plant equipment activities ('Transferred Business') to Mukand Heavy Engineering Limited ('MHEL' or 'Transferee Company'), a wholly owned subsidiary of the Company. Intimation regarding completion of Slump Sale pursuant to Business Transfer Agreement entered with Mukand Heavy Engineering Limited, Wholly Owned Subsidiary of Mukand Limited for transfer of pat of Industrial Machinery Business via Slump Sale (As Per BSE Announcement Dated on 31.03.2026)