We hereby inform you that the Board of Directors of the Company at its meeting held on today i.e. 10th June, 2024, has in-principle approved the Draft Letter of Offer ('''DLOF"), for issuance of equity shares by way of rights issue, to the existing shareholders of the Company for an amount not exceeding Rs. 12.51 Crores (Rupees Twelve Crores Fifty One Lakh only) in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws ("Rights Issue") in the ratio and price to be decided at a later stage, for submission of the same to the Stock Exchange where the equity shares of the Company are listed. The DLOF will be submitted to BSE Limited for seeking in-principal approval for the said Rights Issue.