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| Exchange Received Time 10/09/2018 15:04:02 Exchange Disseminated Time 10/09/2018 15:04:12 Time Taken 00:00:10 | Further to our letter No.HP/SEC/1646 dated 8th August, 2018 and pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we have to inform you that the Company has today on 10th September, 2018 signed a Memorandum of Understanding (MOU) with M/s. Kalpataru Gardens Pvt. Ltd., the Developer (a wholly owned subsidiary company of M/s. Kalpataru Ltd.) in respect of development of Company's land at Vadgaon, Pune. The Company has given Power of Attorney to the Developer for obtaining approvals, sanctions, permissions, NOC's relating to the development of the above project.We will keep the Exchange informed about further material developments in this regard from time to time.
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