Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we wish to inform you that the Board of Directors of the Company have at its Meeting held on 12th February, 2021, approved the transfer of its domestic Projects business relating to Mechanical Electrical and Plumbing (MEP) I Heating, Ventilation and Air-Conditioning (HVAC) and Water projects, Mining and Construction Equipment (M&CE) business and Textile Machinery Division (TMD) to its wholly owned subsidiary viz. Universal MEP Projects & Engineering Services Limited (''UMPESL'') (formerly Rohini lndustrial Electricals Limited) by slump sale through a Business Transfer Agreement (''Proposed Transaction'') to be executed between the Company and UMPESL. The details required, as per SEBI Circular vide CIRlCFD/CMD/4/2015 dated 9th September, 2015, are enclosed as Annexure 1.