We would like to Inform you that Board of Directors of the Company at their meeting held today i.e. 24th December, 2024 at 11.00 am have approved the Allotment of 12,00,000/- (Twelve Lakh only) Compulsory Convertible Preference Shares at a face value of Rs. 10/- each against the subscription money of Rs. 1,20,00,000/- (Indian Rupees One Crore Twenty Lakh only) received by the Company on Private Placement Basis.