This is to inform you that the Company on March 1, 2021 has approved the allotment of 4,60,514 Equity Shares of Rs. 3/- each to the option holders who have exercised their options granted to them under the SML Employees Stock Option Plan - 2018 of the Company. Consequently, the paid-up equity share capital of the Company has increased from Rs. 68,37,06,195/- (divided into 22,79,02,065 fully paid-up equity shares of Rs. 3/- each) to Rs. 68,50,87,737/- (divided into 22,83,62,579 fully paid-up equity shares of Rs. 3/- each). The information as required under Regulation 10(c) of the SEBI (Share Based Employee Benefits) Regulations, 2014 for issue of shares under the stock option plan is also attached herewith. You are requested to kindly take the above on record and acknowledge the receipt of the same.