Outcome of Board Meeting held on 27.10.2021

The Board of Directors of the Company, at their meeting held on 27th October 2021 has-

1)  Approved the Audited Special Purpose Consolidated financial statements of the Company as on 30th June 2021, to be included in the DRHP of API Holdings Ltd., who are holding company of Docon Technologies Limited, who are our holding company.

2) Noted the Management Accounts of the Company (unaudited, not reviewed) as on 30th September 2021 which would be shared with API Holdings Limited and their merchant bankers to give them comfort with respect to their DRHP. This will not be published or shared with any other individual/entity as it might be considered as unpublished price sensitive information.

3)  Approved the proposal, based on the recommendation of the Audit Committee, to enter into an agreement for outsourcing the processing of samples and generating report, with API Holdings Ltd., who are a Related Party under statutory provisions.