The Meeting of the Board of Directors of the Company held on 12th February, 2021 have unanimously approved and resolved on the following agenda items : The Board of Director of the Company at their meeting held on 12th February, 2021 have approved the Scheme of Amalgamation of wholly owned subsidiary M/s Batot Hydro Power Ltd (Transferor Company) with the Company namely Karma Energy Limited (Transferee Company) from merger appointed date 01st April, 2020 subject to the approval of the Hon. National Company Law Tribunal, Shareholders of the Company and all other regulatory authorities. The meeting of the Board of Directors commenced at 15.00 hrs and concluded at 15:44 hrs (IST). We request you to take the above on record and note the compliance under relevant regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). The Meeting of the Board of Directors of the Company held on 12th February, 2021 have unanimously approved and resolved on the following agenda items : 1. Un-audited Financial Results for the Third Quarter and Nine months ended December 31, 2020 (Standalone and Consolidated) along with Limited Review Report of the Auditors thereon. 2. The Board of Director of the Company at their meeting held on 12th February, 2021 have approved the Scheme of Amalgamation of wholly owned subsidiary M/s Batot Hydro Power Ltd (Transferor Company) with the Company namely Karma Energy Limited (Transferee Company) from merger appointed date 01st April, 2020 subject to the approval of the Hon. National Company Law Tribunal, Shareholders of the Company and all other regulatory authorities. This is with reference to our Application under Regulation 37 of SEBI (LODR) Regulations, 2015 dated February 16, 2021 intimating the approval of the board of directors ('Board') of Karma Energy Limited to the amalgamation of wholly owned subsidiary namely M/s. Batot Hydro Power Limited with the Company. The Board of Directors at their meeting held today have approved withdrawal of the Scheme and is initiating the process of withdrawal of application for Amalgamation before the Honorable National Company Law Tribunal, The Board has been evaluation other business opportunities & alternatives for restructuring hence have decided not to further pursue the said Scheme of Amalgamation. Please treat this as intimation in terms of Regulation 30 of the SEBI (Listing obligations & Disclosure Requirements) Regulations, 2015. (As per BSE Announcement Dated on 8/12/2021)