We wish to inform you that in terms of the approved Resolution plan, as approved by the Hon'ble NCLT vide order dated 24th February, 2020 read with order dated 1st May, 2023 and corrigendum order dated 18th May, 2023, and pursuant to the effectiveness of reduction in face value of equity shares of the Company from Rs. 10 each to Rs. 1 each, the Board of directors of the Company at its meeting held on 25th July, 2023 has approved the allotment of 1,88,23,066 equity shares of Rs. 1/- to all the existing shareholders of the Company