This is in continuation of our intimation dated July 21, 2022 with regard to the approval granted by the board of directors of the Company for the proposed buyback of up to 50,00,000 Equity Shares of ? 10/- each aggregating up to 8.6 % of the total paid up equity share capital of the Company, at ? 300 /- per Equity Share of the Company ('Buyback'), on a proportionate basis through a tender offer pursuant to the Companies Act, 2013 and the SEBI (Buy-back of Securities) Regulations, 2018 ('Buyback Regulations'). In terms of the Buyback Regulations, under the tender offer route, the promoters have the option to participate in the Buyback. We would like to inform that the promoters of the Company have communicated their intention to participate in the Buyback and offer up to an aggregate maximum of 36,41,860 Equity Shares.