The Board of Directors of the Company, in their Meeting held on 16-05-2023, at the Registered Office which was commenced at 02:30 P.M. and ended at 03:10 P.M., has, apart from other business, considered and approved, allotment of 333190 equity shares of face value Rs 10.00 each, for cash, at a price of Rs 216.10 per equity share (including a premium of Rs 206.10 per equity share), aggregating to Rs 7,20,02,359.00 by way of a preferential issue to persons other than the promoters and promoter group. Consequent to such allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs 11,39,71,330.00 divided into 11397133 equity shares of face value Rs 10.00 each from Rs 11,06,39,430.00 divided into 11063943 equity shares of face value Rs 10.00 each. Equity shares allotted on the preferential allotment basis shall rank pari passu with the existing equity shares of the Company in all respects.