We hereby inform you that, in accordance with (i) the Letter of Offer dated November 22, 2023, and (ii) the Basis of Allotment finalized in connection with Registrar to the Issue and BSE Limited (Designated Stock exchange for the Rights Issue), the Rights Issue Committee of the Board of Directors of the company has , at its meeting held on December 22, 2023, approved the allotment of 38384615 equity shares of face value of Rs. 10 each on Rights Basis, at an issue price of Rs. 13 per Equity share (including a premium of Rs. 3 Per equity share) to the eligible applicants.