In reference to the above captioned subject, the Board of Directors of the Company, in their
meeting held on today i.e. March 11, 2024, has considered and approved the sale of its Business
division- ckartonline – an online B2B eCommerce platform for all supply chain partners
(‘Business undertaking’)to World Goods Marketplace Private Limited for a cash
consideration of INR 10,00,00,000/- (Rupees Ten Crores only), on slump sale basis as per the
terms and conditions mentioned in the Business Transfer Agreement (“BTA”), which is to be
executed between the Company and World Goods Marketplace Private Limited.
The detailed disclosure as required under Regulation 30 of the Listing Regulations, read with
Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023 is enclosed
herewith as Annexure.
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