Pursuant to the approval of the Shareholders in the Extra-Ordinary General Meeting held on August 02, 2023, and pursuant to the receipt of the 25% of issue price/application money, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. August 17, 2023 has inter-alia; 1. Approved Allotment of 3,50,000 Warrants convertible into equal number of Equity Shares of Rs. 10/- each of the Company at an issue price of Rs. 526/- per warrant (including premium of Rs. 516/- per warrant) on preferential basis to Promoter upon receipt of 25% of issue price from the allottee in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The above warrants entitle the allottee to apply for and be allotted equal number of equity shares for each warrant held by them on payment of balance 75% of the issue price within 18 months from the date of issue of these warrants.