Outcome of Board Meeting held on December 31, 2017 This is with reference to the scheme of demerger of the Lending Business of Asia Pragati Capfin Private Limited into Ugro Capital Limited, which was filed with BSE Limited for their approval / no objection in terms of Regulation 37 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. We have received no adverse observation vide your letter (No DCS/AMAL/SD/R37/1374 /2018-19) dated January 4, 2019. The scheme is being filed with National Company Law Tribunal (NCLT) for their approval. On receipt of the approval from NCLT the scheme would become effective. Copy of BSE letter is enclosed. (As Per BSE Announcement Dated on 07.01.2019) Intimation of approval of the Hon'ble National Company Law Tribunal, Mumbai Bench to the scheme of arrangement between Asia Pragati Capfin Private Limited and UGRO Capital Limited (formerly known as Chokhani Securities Limited) and their respective shareholders and creditors under section 230-232 read with section 52 and section 66 of the Companies Act, 2013 (As Per BSE Announcement Dated on 28/06/2019) Intimation of allotment of 1,35,65,891 shares to DBZ (Cyprus) Limited pursuant to Scheme of Arrangement between Asia Pragati Capfin Private Limited and UGRO Capital Limited and their respective shareholders and creditors under section 230-232 read with section 52 and section 66 of the Companies Act, 2013 and other relevant applicable provisions of the Act (As Per BSE Announcement Dated on 30.07.2019)