In compliance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), read together with Part A of Schedule III thereto, we are pleased to inform you that the Board of Directors of the Company at their Meeting held today, i.e., on Wednesday, August 23, 2023, inter-alia, considered and approved the proposal of raising funds through issuance of debt securities upto Rs. 2,00,00,00,000 (Rupees Two Hundred Crores Only). Further, the Board of Directors have also authorized the Finance Committee of the Company to consider and approve the quantum, terms and conditions and other ancillary matters as may be required for issuance of debt securities.