In furtherance to our intimation dated 25th January, 2021 approving the issuance of equity shares by way of rights issue to the existing shareholders of the Company as on the record date (to be notified later) for an amount not exceeding Rs. 15,00,00,000/- (Rupees Fifteen Crore only), in accordance with the applicable Securities and Exchange Board of India Regulations and other applicable laws (the "Rights Issue"), this is to inform you that the Board of Directors ("Board") of Asian Tea and Exports Limited ("Company"), at its meeting held today, i.e., Wednesday, 30th June, 2021, inter alia, considered and approved the following: - Approved the Draft Letter of Offer for the proposed Rights Issue. The Draft Letter of Offer is to be filed with the BSE Limited ('Designated Stock Exchange') for in-principle approval and the Calcutta Stock Exchange ('CSE') for reference purpose