Dear Sir/Madam, Pursuant to the Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015 and other applicable Regulations, if any, we wish to inform you that the Investment Committee of the Company by way of Circular Resolution dated April 4, 2023, has considered, and approved, the allotment of 5,20,830 Equity shares of the face value of Rs. 10 each at an issue price of Rs. 480 each (including a premium of Rs. 470 per share), fully paid-up upon exercising the option available with warrant holders (person belonging to promoter and non-promoter category) to convert 5,20,830 Warrants. Consequently, the paid-up equity share capital of the Company stands increased from ? 12,72,82,890 consisting of 1,27,28,289 Equity Shares to ? 13,24,91,190 consisting of 1,32,49,119 Equity Shares. The equity shares allotted on exercise of conversion of Warrants shall rank pari passu in all respects with the existing equity shares of the Company.