Birla Precision Technologies Limited at its board meeting held on May 22, 2024, approved Closure (Voluntary strike off) of Birla Precision USA, a wholly owned subsidiaries of the Company. No binding agreement has been entered into. The Board of Directors of the Company has agreed to proposed plan of closure of operation (through voluntary strike off) of Birla Precision USA at its meeting held on May 22,2024.

The Contribution made by the Subsidiaries in the turnover or revenue or income and net worth of the listed entity is Nil. The closure process is expected to be completed within a period of 12 months' subject to the approval of the Regulatory Authorities. The Board of Directors at their meeting reviewed the overall operation of Birla Precision USA & and agreed to the Conclusion that Continuing the operations of this Subsidiaries under a separate legal entity is not in line with the Group strategy of keeping the Group Entity structure simplified.

Hence instead of continuing with such operations, the Board, agreed and approved the Plan to close the operations of Birla Precision USA.