The Board at their meeting held on 14.11.2022 recommended the Bonus Issue of Equity Shares in the proportion of 1 (One) new Equity Share of Rs. 10/- each for every 3 (three) existing fully paid-up Equity Share of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders of the Company at the General Meeting and other applicable statutory and regulatory approvals; as may be required. The record date for reckoning eligible shareholders entitled to receive bonus shares will be communicated separately. The detailed disclosure as required under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed.