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Release of Pledge: The shares of the promoters of the Company were pledged to secure the Company's debts. Since, the Company has repaid all its debts, the Company has initiated the procedure for release of pledge on these shares. Out of the total pledged shares, pledge on 94,99,720 equity shares have been released before 31.03.2024. We are in the process of obtaining release of pledge on the remaining shares.2. Pursuant to inter se transfer, the entire shareholding of M/s. Ind Swift Limited, promoter of the Company, has been transferred to M/s. Essix Biosciences Limited, also classified as the promoter of the Company. The said inter-se transfer qualifies for exemption under the SEBI Takeover Code. Both the promoter entities are in the process of compliance with the required guidelines of SEBI and Stock Exchanges. 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