The Right Issue Committee of the Company in its meeting held on 12th June, 2024 have transacted the following businesses: 1. Recorded the In-principle approval received from NSE and BSE for the proposed Right Issue of fully paid Equity Shares Aggregating up to Rs. 48 Cr. 2. Approved the issue of 7,66,11,591 Equity Shares of Face Value of Rs. 1/- each at an issue price of Rs. 6.26/- per equity share ( including premium of Rs. 5.26/- per equity share) for an amount aggregating up to Rs. 47.96 Cr to all existing equity shareholders on a right basis in the ratio of 15 shares for every 32 shares held in the Company. 3. Fixed Wednesday, 19th June, 2024 as the record date for the purpose of determining names of shareholders of the Company eligible to apply for the equity shares in the Right Issue of the Company. 4. Approved final Letter of Offer and other relevant documents in this regard.