The Board of Directors of the Company at their meeting held today i.e., April 08 , 2022 has inter-alia approved: 1. Proposed Issue size of 1,29,19,177 (One Crore Twenty Nine Lakh Nineteen Thousand One Hundred Seventy Seven Only) ('Rights Equity Shares') fully paid-up Equity Shares of face value of Rs. 10 each ('Issue Price') for an aggregate amount up to Rs. 12,91,91,770 (Rupees Twelve Crore Ninety One Lakh Ninety One Thousand Seven Hundred Seventy Only ) 2. The Rights ratio of 5:9 i.e. 5 (Five) rights Equity Shares for every 9 (Nine) fully paid-up Equity Shares held on record date to be fixed for this purpose; and 3. The Draft Letter of Offer dated April 08, 2022, in terms of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018 and applicable provisions of the Companies Act, 2013.