Pursuant to the provisions of the SEBI Listing Regulations and in respect of aforementioned approvals, we hereby inform you that the Board of Directors of the Company at its meeting held on Thursday, October 14, 2021, has approved allotment of 35,00,000 Equity Shares of face value Rs. 10/- each fully paid up, at a price of Rs. 10/- per Equity Share on a preferential basis to Non-promoters as detailed under Annexure II, in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.