Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (???SEBI LODR???) and in continuation of the disclosure made by the Company dated 04 February 2022, this is to inform that the Company has received a Settlement Order No. SO/AN/HP/2022-23/6769,6808-09 dated 18 November 2022 ("Settlement Order???) from the Securities and Exchange Board of India in the matter of Show Cause Notice dated 03 February 2022 regarding alleged violations of SEBI LODR. Vide the Settlement Order the charges contained in the said Show Cause Notice against the Company and its erstwhile Directors Mr. G.L. Vishwanath and Ms. Manasa Vishwanath have been disposed of in terms of Section 15JB of the SEBI Act, 1992 and 23JA of SCRA read with Regulations 23(1) of Settlement Regulations without admission or denial of findings of fact and conclusions of law contained in the Show Cause Notice. The settlement terms include payment of an amount of INR 41,92,500 in respect of the Company and INR 10,72,500 each on behalf of the erstwhile Directors. There is no material impact of such settlement on the financial position of the Company.The Settlement Order is enclosed herewith for reference.