Pursuant to the shareholders' approval obtained through Special Resolution passed by way of Postal Ballot on January 13, 2024 and 'In-Principal Approval' obtained from the Stock Exchanges, we wish to inform you that the Capital Raising Committee of the Board of Directors of the Company in their meeting held today i.e. Thursday, January 18, 2024, considered and approved the allotment of 14,49,000 (Fourteen Lakh and Forty Nine Thousand only) fully Convertible Equity Warrants ('Share Warrants'), carrying a right exercisable by the Warrant holder to subscribe to one Equity Share per Warrant, to GPL Finance Limited a member belonging to 'Promoter and Promoter Group' Category on preferential basis at an issue price of Rs. 1,035/- per Equity Share, after receipt of stipulated amount i.e. minimum 25% of the Issue Price as subscription amount in accordance with provisions of Chapter V of the SEBI (ICDR) Regulations, 2018.