We wish to inform you that the Board of Directors of the Company, at its meeting held today i.e. December 21, 2022, inter alia, considered and approved the following business: i. Issuance of following securities on Preferential basis to Promoters and Non Promoters: a)To issue and allot 38125000 Warrants convertible into 3,81,25,000 Equity Shares of Re.1/- each to the Promoters and b)To issue and allot 16075000 Warrants convertible into 16075000 Equity Shares of Re.1/- each to investors/Public (Non Promoters-Public Category) at a price to be determined in accordance with the pricing formula prescribed under Chapter V of SEBI(ICDR)Regulations, 2018 and other applicable rules, regulations and guidelines of SEBI and applicable provisions of Companies Act, 2013. ii.The Board of Directors have also approved convening of an EOGM of the members of the Company, on Wednesday, 25th January, 2023,