Further to the stock exchange announcement made by the Company on February 1 2021 and April 8 2021 we wish to inform that the Company has concluded the sale of the foundry business assets of its wholly owned subsidiary JKM Ferrotech Limited ("JFTL") to M/s. Danblock Brakes India Private Limited (DBIPL) an Indian subsidiary of the US $ 2 Bn MAT Holdings Inc. of USA. The transaction has been concluded on July 22 2021.