Disclosure of material issue

Shekhawati Industries' board approved a strategic investment in a new entity, "Shekhawati & Shubhraj Developers LLP." The company will invest up to 50% in this proposed LLP, focused on Real Estate, Construction, and Development.

This move aims to boost operational synergy, project execution, and innovation, positively impacting the company's business.

The investment, a related party transaction with common directors, is considered at "arm's length" and will be a cash consideration post LLP incorporation.

This signals the company's expansion and strengthening in the real estate development sector.