This is to inform you that in terms of the powers delegated to Mr. Gaurav Lath and Mr. Nitin Jain by the Board of Directors at its meeting held on September 02, 2024, the Company has considered and approved today on September 12, 2024, the further grant of loan/ Inter Company Deposit of upto Rs. 15,00,00,000/- (Rupees Fifteen Crores only) to its Subsidiary Company - Advanced Rail Controls Private Limited.