Further to our intimation dated December 16, 2022 informing approval by the Board of Directors for issue of equity shares by way of a rights issue to the existing shareholders of the Company in accordance with the provisions of Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws; we wish to inform you that Members of the Allotment Committee of the Board of Directors of the Company, at their meeting held today i.e. on Tuesday, January 31, 2023, considered and approved the terms and conditions of the Rights issue.