Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received an order from the Office of the Joint Commissioner of Customs, Nhavasheva, Maharashtra imposing penalty on the Company. The above-mentioned order is related to validity of Import source mentioned in the CIB registration certificate, for Import of Company's material. The details as required under SEBI Listing Regulations read with SEBI circular dated July 13, 2023, are enclosed herewith.