In supersession to the two resolutions passed in the prevision Board Meeting held on 16.02.2023, the Board proposed to Increase its Authorized Capital to Rs. 40,00,00,000 (Rs Forty Crores Only) and, subject to the approval of the shareholders of the Company, has approved the issue and allotment of up to 5,00,00,000 (Five Crores only) convertible warrants ('Warrants') at a price of Rs. 8/- per warrant with a right to the warrant holders to apply for and be allotted 1 (One) Equity Share of the face value of Rs. 5/- each and premium of Rs. 3/- for each Warrant within a period of 18 (Eighteen) months from the date of allotment of the Warrants, at a price arrived at in the manner as set out in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations")