We wish to inform you that the Board of Directors in their meeting held today i.e. June 16, 2022, approved Scheme of Arrangement for Amalgamation of United Seamless Tubulaar Private Limited, wholly owned subsidiary of the Company (Transferor Company) with Maharashtra Seamless Limited (Transferee Company'') on a going concern basis under Section 230 - 232 of the Companies Act, 2013. The said Scheme of Arrangement shall be subject to the approval of National Company Law Tribunal (NCLT) of relevant jurisdiction, Shareholders and Creditors of both the Companies and other Regulatory Authorities, if any. We have to inform you that the Hon'ble National Company Law Tribunal ('NCLT'), Mumbai in its final hearing held on 24th February 2023 in respect of the scheme of Amalgamation of United Seamless Tubulaar Private Limited, wholly owned subsidiary of the Company (Transferor Company) with Maharashtra Seamless Limited (Transferee Company), have reserved the order and shall be pronounced in due course. (As Per BSE Announcement Dated on 25/02/2023) In continuation of our letter dated 25th February, 2023, we wish to inform you that the Hon'ble National Company Law Tribunal ('NCLT'), Mumbai has approved the Scheme of Amalgamation of United Seamless Tubulaar Private Limited, wholly owned subsidiary of the Company (Transferor Company) with Maharashtra Seamless Limited (Transferee Company) on 3rd March, 2023. The detailed order of Hon'ble National Company Law Tribunal ('NCLT'), Mumbai in relation to the approval of Scheme of Amalgamation is awaited. (As Per BSE Announcement dated on 03.03.2023) Outcome of Board Meeting held on 23rd March, 2023 (As Per BSE Announcement dated on 23.03.2023)