We write to advise your good office and our stakeholders that, the meeting of Board of Directors of the Company convened on today, April 22, 2023, considered the following agendas: 1. Approved Increase in Authorized Capital of Company, subject to approval from members in ensuing General meeting, to Rs 13.50 Crores (Rupees Thirteen Crores Fifty Lacs Only). 2. Approved fund raising of up to 25 Crores (Rupees Twenty-Five Crores Only) through Rights Issue as decided by the Board and resolved appointment of intermediaries and agencies involved in the issue and constituted a Rights Management Committee, to ensure smooth functioning of Rights Process and handle stakeholder grievances and submission with authorities. The Board Meeting commenced at 3.00 P.M. and concluded at 4:30 P.M.