Further to our letter dated October 12, 2022, we write to inform you that the Committee of the Board at its meeting held today, has approved the issue of 2,000 rated, secured, unlisted, redeemable, non-convertible debentures having a face value of Rs.10 lakh each for cash at par aggregating to Rs. 200 crore, on a private placement basis, as per the particulars furnished in Annexure A.