We refer to our intimation dated 04th May, 2023, wherein we had informed that the Board of Directors of the company had approved the Raising of funds through issuance and allotment of equity shares for an aggregate amount of upto Rs. 28,00,00,000/- (Rupees Twenty-Eight Crores Only) on right issue basis in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, and the Companies Act, 2013 and the rules made thereunder, as amended from time to time. Pursuant to the above referred, we wish to inform you that the Board of Directors of the company, at its meeting held today i.e., October 30, 2023 has inter-alia considered and approved the terms of the Rights Issue as mentioned in the Outcome. The meeting of the commenced at 2:00 P.M and concluded at 2:10 P.M.