Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2018, the Board of Directors of the Company at its meeting held on today i.e. June 3, 2022 considered and approved the allotment of 48,86,28,000 Rights Equity Shares at a price of Re. 1/- per Equity Share (including a premium of Rs. Nil per Equity Share) aggregating to Rs. 4,886.28 Lakhs (Issue) as per the Basis of Allotment, approved by BSE Limited on June 2, 2022. All capitalized terms used herein but not defined shall have the meaning ascribed to such terms in the Letter of Offer dated May 2, 2022.