Thakral Lifestyle Pte Ltd., and Thakral Realty (s) Pte Ltd entered into sale and purchase agreements to acquire shares in Thakral Innovations Private Limited from Thakral Services (India) Limited (BSE:509015) and Mr Gurmukh Singh Thakral for approximately SGD 1.13 million on December 28, 2023. The total consideration for the Acquisition payable to both TSI and Mr Singh is 70,000,001 Indian Rupees (approximately SGD 1.13 million) (?Consideration?) comprising 70,000,000 Indian Rupees to TSI and 1 Indian Rupees to Mr Singh.

Thakral Lifestyle Pte Ltd., and Thakral Realty (s) Pte Ltd completed the acquisition of shares in Thakral Innovations Private Limited from Thakral Services (India) Limited (BSE:509015) and Mr Gurmukh Singh Thakral on December 28, 2023.