Disclosure under Regulation 30(9) of SEBI Listing Regulations, 2015.

CUMI has disclosed that its 51%-owned subsidiary, Foskor Zirconia Pty Limited (FZL), will cease operations. The South Africa-based subsidiary has been unprofitable since FY 2013 due to rising electricity costs, input costs, global competition, and foreign exchange fluctuations. Despite restructuring attempts, the Board concluded continuation is not viable. FZL's financial statements have been prepared on a non-going concern basis, and CUMI's consolidated financial statements include a write-down of assets to realisable value of Rs. 16 crores. FZL is not a material subsidiary, so standalone operations remain unaffected.