With reference to our letter dated January 12, 2024 filed in relation to the proposed rights issue of the Company (the 'Issue'), we wish to inform you that the Board of Directors, at its meeting held on today i.e. 10th February, 2024 at 3:00 PM, has considered and approved the Draft Letter of Offer in relation to the issue for the purpose of filing with the authorities and for seeking in-principal approval for the proposed issue and listing of Equity shares, issued pursuant to the same, in accordance with applicable laws, including the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, subject to such approvals, as may be required under the applicable laws ("Right Issue").