The Board considered and approved the proposal for issue, offer and allotment upto 4,00,00,000 Convertible warrants on Preferential Basis to the persons belonging to the Promoters and Non-Promoter Categories at such price as determined in accordance with the provision of the Securities and Exchange Board of India (ICDR) Regulations, 2018 as amended from time to time, subject to the approval of shareholders of the Company.