The Board of Directors of the Company, at its meeting held on 22 April, 2022 has inter alia approved the allotment of 17,15,000 (Seventeen Lakh Fifteen Thousand) fully paid- up Equity Shares of face value of Rs. 10/- (Rupees Ten Only) per Equity Share at price of Rs. 10/- per Right Share fully paid on application, to the eligible applicants. Subsequent to the said allotment, the issued, subscribed, and paid-up equity share capital of the Company stands increased from Rs. 24,50,000/- divided in 2,45,000 Equity Shares, to Rs. 1,96,00,000/- comprising of 19,60,000 fully paid-up Equity Shares of the face value of Rs 10/- (Rupees Ten Only). There is no change in the authorized capital of the Company which is Rs. 2,00,00,000/- divided in to 20,00,000 Equity Shares of Rs 10/- each.