This is in continuance to our letter dated, January 23, 2023 we wish to inform you that, the Board of Directors of the Company at its meeting held today i.e Friday, January 27, 2027 inter-alia considered and approved the following business: Approved the proposal for issuance of equity shares of face value of ?1.00/- (Rupee One Only) for an amount not exceeding ? 49,50,00,000/- (Rupees Forty Nine Crore Fifty Lakhs Only) through a Rights Issue, to the eligible equity shareholders of the Company as on Record date (to be notified subsequently), in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, along with relevant circulars issued by the Securities and Exchange Board of India, Companies Act, 2013 (hereinafter referred to as 'Rights Issue');