With regard to above subject and reference, we hereby inform that the Board of Directors of the Company in their meeting held today i.e. 16th November, 2022 have, inter alia, considered and allotted 4,00,000 Equity Shares of Rs. 10/- each at a premium of Rs. 222/- per Equity Shares to Promoters and Promoter Group, on Preferential basis in accordance with the provisions of Companies Act, 2013 and SEBI Regulations for Preferential Issues. We will approach you in due course of time for Listing Application in terms of SEBI Regulations.