Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we wish to inform you that the Government of Chhattisgarh vide its 'Notice Inviting Tender' dated October 11, 2022, had invited tenders to participate in electronic auction for grant of Composite License in respect of Nickel (Ni), Chromium (Cr) and Associated Platinum Group Elements (PGE) Block in the state of Chhattisgarh. The Company had submitted its bid in electronic auction for grant of Composite License.\r\n\r\nAs per the notice dated February 03, 2023 (formally received in the office on February 14, 2023) issued by the Mineral Resource Department, Chhattisgarh, the Company has been declared as the 'Preferred Bidder' in respect of e-auction of Kelwardabri Ni, Cr and Associated PGE Block based on highest Final Price Offer of 4.15% submitted by the Company.\r\n\r\nWe request you to kindly take the above information on record.