This is further to our intimation dated July 19, 2022, the Rights Issue Committee & the Board of Directors of the Company, at their meeting held today, inter alia have, - 1. Approved the issue of 90,56,255 Equity Shares of face value of Rs. 10/- each at an issue price of Rs. 54/- per Equity Share (including premium of Rs. 44/- per Equity Share) aggregating to Rs. 48,90,37,770/- to all the existing equity shareholders of the Company on a rights basis ("Rights Issue"). 2. Considered and approved the terms of the Rights Issue: 3. Approved the Letter of Offer dated 27th July, 2022 to be filed with Securities and Exchange Board of India, BSE Limited, and other relevant authority as may be required. Also, approved issuance of other offer related documents. The meeting of the Board commenced at 12:00 P.M. and concluded at 12:50 P.M.