Pursuant to Regulation 30 read with Schedule III and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulations'), we wish to inform that the Board of Directors at its meeting held on 26th September, 2022 has approved the allotment of 25,00,000 (Twenty Five Lakhs) Equity Shares of Face Value of Rs. 10/- each fully paid up at an issue price of Rs. 22/- per Equity Share (including a premium of Rs. 12/- per Equity Share), aggregating to Rs. 5,50,00,000/- (Rupees Five Crore Fifty Lakhs Only), on a preferential basis.