In compliance with Regulation 30 read with Para A of Part A of Schedule Ill of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we state that Board of Directors of the Company in its meeting held on February, 2, 2022 considered and approved the issue of 10,00,000 Convertible Warrants to be converted into equal number of equity shares within a period of 18 months from the date of allotment on preferential basis to promoters and nonpromoters as detailed hereunder, subject to the approval of the shareholders of the Company in terms of the provisions of the Companies Act, 2013, SEBI (Issue of Capital & Disclosure Requirements) Regulation, 2018 and SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015