This is in furtherance to the Company's meeting of the Board of Directors of the Company ('the Board') held on November 03, 2021, approving the issue of equity shares of face value of ?10/- each ('Equity Shares') of the Company, by way of a rights issue to the eligible shareholders of the Company for an amount not exceeding ? 175.00 lakhs in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, read with the relevant circulars issued by the SEBI, in this regard, from time to time (hereinafter referred to as 'SEBI ICDR Regulations' and the issue 'Rights Issue').