Sagardeep Alloys Limited has decided to discontinue the Commercial Production of copper sulphate owing to less margin and low demand of the said products. It is further to be noted:that all required approval from the Gujarat Pollution Control Bo4rd (GPCBJ are taken by the Owner of the Land and requisite approvals from GPCB are issued for the factory premises and is not in the name of the Company. The Company has cancelled the lease Agreement for the factory premises situated at Plot No.

3529, Phase - IV, G.I.D.C, Chhatral, Tal: Kalol, Dist: Gandhinagar,' Gujarat India to establish the manufacturing facility of copper sulphate and necessary process of cancellation and/or alteration of GPCB approval will be carried out by the land owner of the said premises. Further, the Company will initiate the process to sell the acquired. plant and machinery for this product and shall inform the stock exchange as and when the sale is executed.

Reasons for closure Margin pressure and very low demand of the product produced, by the Company.