Dear Sir/Madam, With reference to the captioned subject and in furtherance of the meeting of the Board of Directors held on 23rd February, 2024, this is to inform you that pursuant to the approval received for finalizing the basis of allotment from BSE Limited (Designated Stock Exchange) on 22nd February, 2024, the Board of Directors of the Company in their meeting held on 23rd February, 2024 has allotted 26,14,53,270 equity shares face value of Re. 01.00 each at a price of Re. 01.60 per share (including premium of Rs. Re. 0.60/- per share) on rights basis to the eligible existing equity shareholders of the Company as on the record date i.e January 29, 2024 and to the valid renouncees whose applications were valid.