This is in reference to letter dated June 29, 2022, wherein the Company considered and approved the fund raising by way of the Rights Issue of Equity shares, to the eligible Equity Shareholders of the Company. Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Board of Directors in its meeting held on August 08, 2022, has discussed and decided to issue 1,50,33,300 equity shares of face value of ? 10 each of our Company for cash at a price of ? 10 per equity share aggregating to ? 1,503 lakhs on a rights basis to the eligible equity shareholders of our company in the ratio of 3 (three) equity shares for every 2 (two) fully paid- up equity shares held by the eligible equity shareholders on record date to be decided, for an aggregate amount not exceeding Rs. 15,03,33,000 (Rupees Fifteen Crores Three Lakhs and Thirty Three Thousand only) subject to applicable regulatory & statutory provisions. the Board has also approved the Draft Letter of Offer.