In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform your good office that the Board of Directors of the Company in their meeting held on September 27, 2022 has, inter alia, considered and approved allotment of 1,00,000 Equity Shares of Face Value of Rs. 10/- each, pursuant to conversion of warrants into equivalent number of Equity Shares, which were allotted on March 31, 2021 at the Issue Price of Rs. 150/- each. Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs. 21,37,80,660/- (Rupees Twenty-One Crore Thirty-Seven Lakh Eighty Thousand Six Hundred and Sixty) divided into 2,13,78,066 (Two Crore Thirteen Lakh Seventy Eight Thousand and Sixty-Six) Equity Shares of face value Rs. 10/- each. The new equity shares issued rank pari-passu with the existing equity shares.