Further to our letter reference VIUSEC/STEX/BMN/2020-21/13 dated June 23, 2020 and in accordance with the provisions of Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Board of Directors ('Board") of the company at their Meeting held on Friday, June 26, 2020, i.e., today, have inter-alia, approved, subject to the requisite statutory and regulatory approvals and subject to the approval of the shareholders of the Company, to raise equity capital of the company through preferential issue of Equity Shares and Convertible Warrants ('Proposed Issue"), to the Promoters and Promoter Group of the company, in accordance with the provisions of the Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time ('SEBI Regulations"), the Companies Act, 2013 and rules made thereunder ('Companies Act") and other applicable laws