Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions if any, we hereby inform you that the warrant holders of the Preferential Issue to the Special Resolution passed on March 15, 2022 through Postal Ballot, the Board of Directors of the Company through Circular Resolution passed on Saturday i.e. March 18, 2023, inter alia, approved the allotment of 46,00,000 (Forty-Six Lakhs) Equity Shares having Face value of Rs. 5/- each at an issue price of Rs. 39/- (Rupees Thirty-Nine Only) (including a premium of Rs. 34 per share) fully paid up upon exercising the option available with the Share Warrant Holder (person belonging to non-Promoter Category) to convert 46,00,000 (Forty-Six Lakhs) Convertible Warrants.