Board of Directors in its Meeting held today has considered and approved to make investment by way of secondary acquisition of 5,000 (Five Thousand) equity shares of Rs. 10/- each, representing 50% of the equity share capital of Semac Construction Technologies India Private Limited, from its existing shareholders (i.e. Mr. Abhishek Dalmia and Mrs. Deepali Dalmia), at a total consideration of Rs. 50,000, to be paid in cash, subject to the compliance with the Companies Act, 2013, Listing Regulations and other applicable laws and such other regulatory/statutory approvals, as may be required.