This is in furtherance to the previous intimation letters submitted by the Company, in respect of its proposed issue of Equity Shares on a rights basis ('Rights Issue'). We hereby inform you that, in accordance with (i) the Letter of Offer dated March 23, 2023, and (ii) the Basis of Allotment finalised in consultation with the Registrar to the Issue and BSE Limited, (the Designated Stock Exchange for the Rights issue), the Rights Issue Committee of the Board of Directors of the Company has, at in its meeting held today, i.e., May 02, 2023, approved the allotment of 4,99,00,000 fully paid-up Equity Shares of face value of ? 10/- each on a rights basis, at an issue price of ? 10 per Equity Share (including premium of ? NIL per Equity Share) to the eligible applicants. The meeting of the Rights Issue Committee commenced at 10.30 A.M and completed at 11.00 A.M Kindly take the same on record and acknowledge receipt.