In furtherance to our earlier intimation dated 22.09.2020 regarding sale and transfer of the Company's B2B Business on a going concern basis, by way of a slump sale, for a lump sum consideration without values being assigned to any individual assets and liabilities, to Manjushree Technopack Limited ('MTL') on such terms and conditions as provided under the Business Transfer Agreement ('BTA') dated 21.09.2020 executed between the Company, MTL, Mr. Chand Seth, Mr. Amit Seth, Mr. Varun Seth and Mr. Udit Seth. Pursuant to the satisfactory completion of all the conditions precedent and closing actions, please note that the transaction i.e. sale of B2B Business by the Company to MTL is consummated on 12.04.2021. The Board of Directors of the Company at its meeting held on 12.04.2021 also noted the consummation of the transaction w.e.f 12.04.2021