The board of directors of Ritesh Properties and Industries Limited at its meeting held on February 08, 2023, had considered and approved incorporation of wholly owned subsidiary of the Company. Proposed Name: RPIL Healthcare Private Limited or any other name as may be de available by the Central Registration Center, Registrar of Companies. Proposed Authorised Capital: INR 10,000 (Rupees Ten Thousand Only).

The Proposed Company once incorporated will be a related party of the Company. The promoters are proposed to be appointed as the directors of the Proposed Company. Save and except what is mentioned above, the promoter/promoter group/group companies are not interested in the transaction.

Industry to which the entity being acquired | belongs: Healthcare. The Proposed Company to be incorporated to carry on the business of healthcare, opening, setting up and operating hospitals.