Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board at its meeting held today i.e. 28th April, 2023 inter-alia has considered and approved the allotment of 24,50,980 fully paid-up Equity Shares of Rs.10/- each of the Company pursuant to the conversion of 5000, 14.5% Fully Convertible Debentures, having face value of Rs.100,000/- each at a conversion price of Rs.204/- per share pursuant to the Scheme of Amalgamation sanctioned by the Hon'ble High Court of Madras on April 25, 2008. In furtherance to the prior intimation of the board meeting given on 25th April, 2023, the board of directors deferred the discussion on preferential issue for proposed acquisition of company engaged in healthcare business. The Board meeting commenced at 10.30 A.M and concluded at 3.15 P.M We request you to kindly take the same on record.