Pursuant to Regulation 30 and other applicable regulations of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations), we hereby inform you that the meeting of the board of directors of the Company (''Board'') held today June 27, 2023, to consider and approve the following matters: 1. The Board has considered and approved the draft letter of offer and Rights Entitlement Ratio to the Eligible Equity Shareholders in the ratio of 7 (Seven) Rights Equity Share for every 8 (Eight) Equity Shares held on the Record Date through the rights issue to the eligible equity shareholders of the Company (to be determined and informed subsequently), in accordance with applicable laws, including the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, subject to such other approvals, as may be required under the applicable laws ("Right Issue");