This is to inform you that the Board of the Directors of the Company had pursuant to the approval of Shareholders in their Extra-Ordinary General Meeting held on September 23, 2022, has done allotment of convertible warrants on preferential basis to Promoters on October 15, 2022. Further, we would like to inform that the Warrant Holders have paid the balance of the consideration aggregating to Rs. 1,42,49,526/- and have applied for exercising their rights for conversion of 19,072 warrants into equivalent number of Equity Shares. Consequently, the Board of Directors in its meeting held on i.e. September 22, 2023 has allotted 19,072 Equity Shares of face value Rs. 10/- each to the warrant holder