In continuation to our letters dated 13th February 2023 and 16th March, 2023 regarding the issue of Equity Shares on Preferential Basis and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), we wish to inform that the Board of Directors of the Company, through circular resolution passed on Friday, 31st March, 2023, has considered and approved the Allotment of 23,81,832 (Twenty Three Lakhs Eighty One Thousand Eight Hundred and Thirty Two) Equity Shares having face value of Rs. 10/- (Rupees Ten Only) each for cash at a price of Rs. 21.08/- (including a premium of Rs. 11.08/- per share) to Citrine Fund Limited, Non-Promoter.