This is to inform you that the Board of Directors of the Company in its meeting held on today, allotted 60,00,000, 0.5% Non-Cumulative Redeemable preference shares (unlisted) of face value of Rs. 10/- each to Vyoman Tradelink India Private Limited at par by way of private placement, pursuant to applicable provisions of the Companies Act 2013. The Company has also redeemed the 60,00,000 Redeemable Preference Shares of Rs.10/- each (unlisted) in the Company, pursuant to applicable provisions of the Companies Act 2013.