Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with Schedule III thereto, and in furtherance to our intimation dated 12th January, 2024, and board meeting outcome filed on 30th January, 2024, we wish to inform you that Board of Directors of the Company, at its meeting held today, on 18th March, 2024 has considered and approved the Allotment of 62,50,000 Optionally Convertible Redeemable Preference Shares (OCRPS) of the Company having face value of Re. 10/- each on preferential basis to specified persons.