This is in continuation to our letter dated 25.01.2024, we wish to inform you that the duly authorised Committee of Directors of the Board at its meeting held today has made allotment of 28,08,766 Zero Coupon, Unlisted, Unsecured, Redeemable, Non-Convertible Debentures having face value of INR 100/- each by converting the outstanding balance of INR 28,08,76,600/- in the company''s book of accounts in relation to Maa Usha Urja Limited, Related Party of the Company on Private Placement basis.