The Board of Directors has provided an enabling approval for raising of funds not exceeding ?50,00,00,000 (Rupees Fifty Crores only) or equivalent (inclusive of premium), in one or more tranches, at such price or prices as may be permissible under applicable law, by way of issuance of Securities as described in Annexure A, subject to Shareholder approval at a General Meeting / Postal Ballot and all other applicable Statutory and Regulatory approvals as may be required.