Sarthak Metals Limited at its board meeting held on February 8, 2024 approved The venturing into new business of Industrial Enzymes and Natural Proteins and entering of MoU with the Council of Scientific & Industrial Research (CSIR) under Ministry of Science and Technology, Government of India, LIT University, Nagpur and Hislop College, Nagpur for technology transfer and continuous research and development in this area. The details as per Regulation 30 is as follows: a. Industry or area to which the new line of business belongs to: Biotechnology b. Expected benefits: Sustainability and improved balance sheet c. Estimated amount to be invested: INR 100 million.