This is to inform you that the subsidiary of the Company viz. Vitizen Hotels Limited have acquired a Hotel property on ownership basis with 101 Rooms situated at Kavi Khabardar Marg, Main Road, Near Jetti, Nani Daman.\r\n\r\nA complete regularization/ upgradation / renovation to meet the market needs and Company standard of the said Hotel will be undertaken before it is operational and generates revenue on consolidated basis for the Company, which will be intimated in due course of time.