Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held today i.e. Friday, 4th October, 2019 which commenced at 11:00 a.m. and concluded at 12.30 p.m., have, amongst other items of Agenda considered and approved allotment of 1,40,71,500 equity shares of the Company of face value of Rs.10/- each on Preferential basis to Edelweiss Asset Reconstruction Company Limited (EARC) at issue price of Rs.25.55 per Equity Share determined in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 against conversion of loan.The allottee details are attached herewith. This is for your information and record.