With reference to captioned subject and in furtherance of the meeting of the Board of Directors held on December 16, 2022, this is to inform that in terms of the Letter of Offer dated January 31, 2023 and in accordance with the Basis of Allotment finalized in consultation with BSE Limited (Designated Stock Exchange), the Lead Managers to the Issue and the Registrar to the Issue, the Allotment Committee of the Company has, at its meeting held today, i.e., March 03, 2023, approved the allotment of 25,78,72,409 Rights Equity Shares of face value of ?1 each at a price of ?12.60 per Rights Equity Share including a share premium of ?11.60 per Rights Equity Share.