The Board of Directors of the Company at their meeting held on Thursday, July 11, 2024 at 03:30 P.M. at 4th Floor Woodstock Tower B-35/958, Adarsh Nagar Ferozepur Road Opposite Waves Mall, Aggar Nagar, Ludhiana, Punjab-141012 India, has considered and approved the allotment of 2,07,65,000(Two Crores Seven Lakh Sixty Five Thousand only) warrants on preferential basis at an issue price[including the warrant subscription price (Rs.12/- per warrant) and the warrant exercise price (Rs. 36/-per warrant)] of Rs. 48/- each (Rupees Forty-Eight Only)aggregating to Rs.99,67,20,000/- (Rupees Ninety-Nine Crores Sixty Seven Lakhs Twenty Thousand Only) to persons belonging to promoter and non-promoter group('Allottees') (as per the list enclosed marked as Annexure I).