Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Nidhi Granites has informed that SPNP Paper And Pack Private, wholly owned subsidiary of the Company has acquired 100% Equity Shares of Fine Papyrus, an Indian Company. Pursuant to above transaction, Fine Papyrus shall be step down subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.