This is to inform you that the Board of directors of the Company at their meeting held today i.e. May 16, 2023 have inter-alia considered and approved the following:- Proposal for incorporating a special purpose vehicle with an investment not exceeding Rs.5 crores in one or more tranches for promotion of sports (including chess) in association with one of the group companies, with key objective of enhancing the corporate visibility for Triveni Brand at a global level. Proposal for reduction of paid-up equity share capital by Triveni Energy Solutions Limited, a wholly owned subsidiary from Rs.16 crore to Rs.8 crore, subject to requisite approvals.