The Board of Directors of the Company vide a resolution passed by circulation on February 4, 2021 has allotted 7,03,30,000 equity shares having face value of Rs.10/- each, at an issue price of Rs.30/- per share to Shri Balram Garg (Promoter), on preferential basis, towards conversion of loan extended by him to the Company to the extent of Rs.210,99,00,000/-.