Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Board of Directors of the Company in the Board Meeting held on September 24, 2024, considered and approved the conversion of 50,00,000 (Fifty Lakhs) Convertible warrants into 50,00,000 (Fifty Lakhs) equity shares of face value of Rs. 1/- each, upon receipt of balance amount aggregating to Rs. 9,37,50,000/- (Rupees Nine Crore Thirty Seven Lakhs Fifty Thousand only) from the allottees pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018