Board of Directors of Sastasundar Ventures Limited agreed to Spin-Off Microsec Resources Private Limited on March 27, 2023. The distribution ratio is 1:1. The Scheme is subject to inter alia receipt of approvals from the shareholders and creditors of the Company, as well as the approval of the National Company Law Tribunal, Kolkata Bench, BSE Limited, National Stock Exchange of India Limited and approval of other regulatory or statutory authorities as may be required. Fortress Capital Management Services Private Limited provided the fairness opinion on transaction.