We would like to inform you that, pursuant to our letter dated 24th March, 2022 and 18th April, 2022 by the Board of the Company, under chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and Section 62 and 42 of the companies Act, 2013 read with the relevant rules framed there under, the Board of Directors at its Meeting held today, May 12, 2022 at 10:30 A.M and concluded at 11:30 A.M. at the registered office of the company approved the Conversion of 1351100 (Thirteen Lakh Fifty One Thousand One Hundred Only) convertible warrants into equity shares at a Price of Rs. 13.50/- each, convertible into 1351100 (Thirteen Lakh Fifty One Thousand One Hundred Only) Equity Shares (One Equity Share for one warrant issued) of the Company of the face value of Rs. 10/- each to the Non-Promoters upon receipt of full subscription amount as prescribed under Regulation 169 of SEBI ICDR Regulation