LL-resources gmbh signed a Term Sheet to acquire 100% stake in Al Tamman Indsil Ferrochrome LLC (FZC) from Indsil Hydro Power and Manganese Limited (BSE:522165) and its partner Sheikh Salim Mustahail for INR3.16 billion on December 24, 2023. Contribution in Net Worth as on 31?March 2023 is INR392.3million. INR3.16 billion the Company is entitled to 50%, subject to commercial adjustments to be made and commissions to be paid and definitive agreements to be entered into between the parties.

the approval granted by the Board of Directors and members at their respective meetings held on 29th June 2023 and 28th July 2023 The proposed transaction/sale is subject to receipt of relevant approvals from appropriate authorities.