Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), we would like to inform you that a meeting of the Shareholders of our Subsidiary Company, Alphalogic Industries Limited, was held on 15th May, 2023 inter alia approved the fund raising aggregating an amount upto Rs. 13,50,00,000/- (Not exceeding Rupees Thirteen Crores and Fifty Lakhs Only.) at such price including such premium as may be decided by the Board of Directors via Initial Public Offering and subsequent Listing of our Subsidiary Company 'Alphalogic Industries Limited' on SME Platform subject to the approval of the Exchange and relevant authorities. The same was approved by the Shareholders of the Subsidiary Company.