With further reference to our letter dated September 07, 2022, and in accordance withRegulation 30 read with Schedule III of the SEBI Listing Regulations, we hereby inform youthat the Board of Directors of the Company at their Meeting held today i.e. September 14, 2022 has 1. approved to create, issue, offer and allot, upto 10000000 (One Crore) Convertible Equity Warrants ("Warrants/Convertible Warrants") on preferential basis 2. Proposed, subject to the approval of shareholders, increase in Authorised Share Capital of the Company, from Rs. 7,00,00,000/- (Rupees Seven Crore Only) divided into 7000000 (Seventy Lakh) Equity Shares of Rs. 10/- (Rupees Ten Only) each to Rs. 15,00,00,000/- (Rupees Fifteen Crore Only) divided into 15000000 (One Crore Fifty Lakh) Equity Shares of Rs. 10/- (Rupees Ten Only) and to make consequent alteration in Clause V of the Memorandum of Association.