We wish to inform that a Meeting of the Board of Directors of the Company was held on Tuesday, 24th May 2022 wherein, the following matters have been discussed and approved: 1. The Board considered and approved the allotment of 34,83,000 equity shares of Rs. 10 each at a premium of Rs. 7 per share to the Promoters/ Promoter group in lieu of the conversion of warrants allotted/ issued under Preferential Issue and authorized the Directors/ KMP for making Listing and Trading Application to the Exchange and take steps for issue/credit of shares to the Subscribers/ Allotees. This is for your information and records, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.