Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we would like to inform you that the Board of Directors of the Company at its meeting held today i.e. Friday, 02nd June, 2023, have inter-alia considered and approved the following: 1. Recommending Issue of Bonus Shares in the ratio of 4:1, i.e. 4 (Four) Equity Shares of Rs. 10/- each for every 1 (One) Equity Share of Rs. 10/- each, held by the shareholders of the Company as on the record date, subject to the approval of shareholders to be obtained by Postal Ballot. The Record Date will be intimated in due course. 2. Increase in the Authorized Share Capital of the Company from existing Rs. 11.50 crores to Rs. 57 crores and consequent alteration in the Capital Clause of the Memorandum of Association of the Company. 3. Re-appointment of Mr. Vijay Kumar (DIN: 00574900), Managing Director, for further period of five years w.e.f. 27.05.2023 subject to the approval of shareholders to be obtained by Postal Ballot.