We wish to inform you that the Board of Directors considered and approved: - 1. Raising of funds through issuance of equity shares of the Company ("Equity Shares") by way of Qualified Institutions Placement in accordance with the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time and other applicable Laws, in one or more of the tranches for an aggregate amount not exceeding Rs. 99 Crores (Rupees Ninety-Nine Crores only), for cash and at such premium/discount, as applicable, subject to such approvals as may be required, including the approval of the Shareholders and further subject to such other statutory/regulatory/other approvals, as applicable.