The Board of Directors of Ganesh Benzoplast Ltd have considered and approved the Job Work agreement and other terms for conducting the chemical business between the parent company - Ganesh Benzoplast Limited and its 100% subsidiary (wholly owned subsidiary) GBL Chemical Limited, without transferring any immovable property owned by the company, as approved by the members in the Annual General Meeting of the company held on September 27, 2021.

Further, the date of transaction will be with immediate effect and authorized Rishi Ramesh Pilani, Managing Director to sign and execute the Job Work agreement on behalf of the company.