In compliance with the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform the exchange that the warrant holders have exercised their rights for conversion of the warrants into equity shares. Consequently, the Board of Directors of the Company at their meeting held today i.e. on May 03, 2022 has allotted 9,49,18,000 equity shares of face value of Re. 1/- each pursuant to exercise of 9,49,18,000 convertible warrants. These equity shares allotted on conversion of the warrants, shall rank pari passu, in all respects with the existing equity shares. Post the allotment of equity shares, the paid-up equity shares of the Company has increased from Rs. 30,35,77,500/- (Rupees Thirty Crore Thirty-Five Lakhs Seventy-Seven Thousand and Five Hundred only) to Rs. 39,84,95,500/- (Rupees Thirty-Nine Crore Eighty-Four Lakhs Ninety-Five Thousand and Five Hundred only).