Approved the allotment, in terms of NCLT Order dated May 13, 2022, of 95,00,000 - 1% Cumulative Redeemable preference Shares (CRPS) to Escorts Kubota Limited (formerly Escorts Limited) at par value for consideration other than cash i.e. in lieu of redemption of 95,00,000 - 10% CRPS (due for redemption since 30th March, 2019) . The information in connection with the same, pursuant to the disclosures as required under Regulation 30 of the SEBI Listing Regulations read with the Securities and Exchange Board of India Circular (CLR/ FD/CMD/4/2015) dated September 9, 2015 ('SEBI Circular'), is enclosed as Annexure I.