In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation to our letter dated January 12, 2024 about the Arbitration proceeding against Mr. Sanjay Kamalakar Navare, an ex-employee, we wish to inform you about an update on the said matter / litigation.\r\n\r\nThis is to inform you that in relation to the said arbitration matter between the Company and Mr. Sanjay Kamalakar Navare, the parties have amicably settled all of their disputes in accordance with the consent terms dated March 19, 2025. The consent terms have been submitted before the Ld. Sole Arbitrator, Adv. Sandeep Parikh who has passed the consent award dated March 19, 2025.\r\n\r\nRequisite details are enclosed herewith as Annexure 1.