The Board of Directors of the Company in the Board Meeting held today on October 04, 2023, considered and approved the Conversion of 86,66,667 Warrants convertible into 86,66,667 equity shares of face value of Rs. 10/- each upon receipt of an amount aggregating to Rs. 9,75,00,003.75 (being 75% of the issue price per warrant) from the allottees pursuant to exercise of their right of conversion of warrants into equity shares in accordance with the Special Resolution passed by the members dated May 15, 2023. Consequent to the conversion of warrants and allotment of Equity Shares, no warrants remain pending for conversion.