Dear Sir / Madam, Further to our intimation to the stock exchanges dated 04th November, 2022 and pursuant to Regulation 30(6) read with Schedule III of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at its meeting held on 09th November, 2022, have, inter alia, approved the following matters: 1. The Issuance and allotment of not more than 1,81,05,579 Equity Shares on preferential basis by swap against Equity Shares of Give Vinduet Windows And Doors Private Limited at the ratio of 1:1.345 considering the Price as per Valuation Report of Give Vinduet Windows And Doors Private Limited and Price of Modulex which shall not be less than the Floor Price to be determined on the Relevant Date which is November 11, 2022, subject to approval of the shareholders and such other regulatory or statutory approvals as may be required. 2. Draft Letter of Offer (PAS-4). 3. The draft Notice of Postal Ballot for the Preferential Issue.