ATV Projects India Ltd — Important, 28-08-2025: Company Update

ATV Projects India Limited has signed a Memorandum of Understanding and Term Sheet with Shri Vrinda Infracon Private Limited. This agreement is focused on developing the company's unutilised land located in ATV Nagar Mathura. This strategic move, approved via a Special Resolution at a recent Annual General Meeting, aims to unlock value from previously idle assets. The company plans to provide an update to investors once the comprehensive Development Agreement is formally executed, signalling progress on this potential value-creation initiative. The parties involved are not related, and the transaction is at arm's length.