Pursuant to recent amendments to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (including any modification(s) / amendment(s) / re-enactment(s) thereto), Godrej Industries has noticed that there are certain news articles circulating in the mainstream media with the subject ‘Chandrayaan-3 lifts space sector companies’ Market cap by Rs 13,000 crore stating that Godrej Industries surged 7% as its arm Godrej Aerospace supplies components to ISRO’, Godrej Industries has clarified that Godrej Aerospace is not an arm of Godrej Industries (not a subsidiary/ associate/ joint venture/ division/ segment which gets consolidated in Godrej Industries). They denied this statement and caution the investors about such incorrect news floating in the market. The Company is clarifying this information out of abundant cautious approach and in line with the good governance practices being followed by the Company.
The above information is a part of company’s filings submitted to BSE.
