Mission Biofuels India Private Ltd. entered into transfer agreement to acquire wind power division from Keerthi Industries Limited (BSE:518011) for INR 25.2 million on December 3, 2021. The consideration is payable in cash, on such terms and condition as stipulated in the agreement. The transaction is subject to Regulatory approval and expected duration of completion of sale/disposal which we have reported to you earlier is further expected to be extended by additional 9-12 Months from the end of the original expected duration of completion.

Mission Biofuels India Private Ltd. completed the acquisition of wind power division from Keerthi Industries Limited (BSE:518011) on February 14, 2023. Keerthi Industries Limited (BSE:518011) has received the consideration of sale as full and final settlement.