NDL Ventures Limited — Capital/Financing Update 2021

Aug 28, 2021

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August 28, 2021

To Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001. - 500189

To

Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051.

Dear Sir / Madam,

0

.

This is to inform you that in furtherance to the approval given and authority granted by the Board of Directors at their meeting held on August 13, 2021, the Company has entered into an Agreement dated August 27, 2021, for sale of its land at Hyderabad, for a total consideration of Rs. 69.30 Crores payable as per the schedule of payment and other terms and conditions mentioned in the said Agreement. As per terms of the Agreement, the Company has received a payment of 10% of the total consideration on execution of the Agreement. The transaction is expected to be completed in 3 to 4 We shall provide further intimation as necessitated.

This intimation is in accordance with Regulation 30 of the SEBI (LODR), 2015.

Kindly take the above on records.

Thanking you.

Yours faithfully,

A

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