Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company in its meeting held discussed, considered and approved the following amongst other subject matters: Declaration of dividend on the 12%Compulsorily Convertible Preference Shares of Rs. 10/- each of the Company, pursuant to terms and conditions of CCPS.. These shares are subject to a lock-in period as per Regulation 167 of SEBI (ICDR) Regulations Pursuant to CCPS terms, 92,50,000 Compulsorily Convertible Preference Shares have been converted into fully paid Equity shares Pursuant to terms and conditions of convertible warrants, 20,59,064 warrants have been converted into fully paid Equity shares.These shares are subject to a lock-in period as per Regulation 167 of SEBI (ICDR) Regulations.