We wish to inform you that the Board of the Directors of the Company at their meeting held today i.e., Friday, April 21, 2023 has considered and approved the following : Subject to the approval of the members in the Extra Ordinary General Meeting and appropriate authorities, the Board has decided to issue and allot Equity Shares of the Company on a Preferential Basis to Strategic Investors (Non-Promoters) towards raising of additional capital by the Company pursuant to Section 42, 62 of the Companies Act, 2013 and as per the SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2018 ['SEBI (ICDR) Regulations, 2018'].