We refer to our letter dated August 3, 2022, whereby an intimation was made w.r.t. allotment of 72,00,000 warrants, , at an issue price of Rs. 57/- on preferential basis . Pursuant to the provisions of SEBI (ICDR )Regulations, 2018, the warrant holders had paid 25% (Rs. 15/- per warrant) of the issue price of the warrant as the warrant subscription price. The balance 75% (Rs.42/- per warrant) of the issue price of warrants was to be paid at the time of exercise of option to apply for fully paid -up equity shares of Re. 10/- each of the Company, against each such warrants held by the warrant holder. In view of above and upon receipt from the following warrant holder(s), a written notice and balance 75% (at the rate of Rs. 42/- per warrant) payment for the warrants so opted for conversion, the Board of Directors of the Company at its meeting held today i.e. February 6, 2023 has allotted 36,00,000 equity shares of Re. 10/- each, upon conversion / exchange of equal number of warrants