This is further to the meeting of the Board of Directors of the Company held on September 22, 2022, approving raising of funds, through issuance and allotment of equity shares of face value of Rs. 2/- each ('Equity Shares') for an aggregate amount upto Rs. 940 crores (Rupees Nine Hundred and Forty Crores Only) on rights basis ('Rights Issue'). In view of the above, this is to inform you that the Rights Issue Committee of our Company has, at its meeting held today i.e. 3rd October, 2022, considered and approved the Draft Letter of Offer dated October 3, 2022 to be filed with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited. The meeting of the Rights Issue Committee commenced at 2.30 p.m. and concluded at 3:15 p.m. You are requested to take the above on your record