Trans India House Impex Limited at the Board of Directors meeting held on 29 April 2024, approved Promotion and Incorporation of a Subsidiary Company under the name and style "TIHIL NVBF Media House Private Limited" or such other names as may be approved by the Central Registration Centre and/or Ministry of Corporate affairs subject to necessary compliances and reporting's under the Companies Act, 2013. The Company shall subscribe 51% of the total Paid Up Share Capital, Voting Rights and Beneficial Ownership in the Subsidiary Company and accordingly shall subscribe 5,100 Equity Shares of face value of INR 10/- of the Subsidiary Company. The proposed Company shall carry out the activities related to Digital Production, Influencer Marketing Promotion activities, Brand Content Production, Celebrity Brand Endorsements and Management.

The said Investment is within the limits prescribed under Section 186(2) of the Companies Act, 2013 together with the limits passed by the Shareholders of the Company by passing Special Resolution in the 35th Annual General Meeting held on Saturday 30th September 2023. Paid Up Share Capital: INR 100,000/- divided into 10,000 Equity Shares of INR 10/- each. Industry to which the entity being acquired: Digital Production, Influencer Marketing Promotion activities, Brand Content Production, Celebrity Brand Endorsements and Management.

The proposed Subsidiary shall carry out business of Digital Production, Influencer Marketing Promotion activities, Brand Content Production, Celebrity Brand Endorsements and Management.