The Board of Directors of the Company in their Meeting held on 24 May 2023 has approved the proposal to increase Authorised Capital of the Company from existing Rs. 10,00,00,000/- (Rupees Ten Crores Only) divided into 5,00,00,000 (Five Crores Only) equity shares of Rs. 2/- (Rupees Two only) each to Rs. 25,00,00,000/- (Rupees Twenty Five Crores Only) divided into 12,50,00,000 (Twelve Crore Fifty Lakh Only) equity shares of Rs. 2/- (Rupees Two only) each, subject to the approval by the Members of the Company at the ensuing Annual General Meeting of the Company and such other approvals, permissions, sanctions as may be necessary.