Pursuant to Regulation 30 (read with Schedule III - Part A), and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find herewith outcome of the meeting of the Board of Directors of the Company held today i.e. on Wednesday, 30th April, 2025 at 03:00 P.M. and concluded at 03:30 P.M. at the registered office of the Company. The following matters were considered: 1. The members of the board discussed about raising of long term funds by way of fresh Equity Share Capital to be utilised for long term working capital support and also to reduce part of the present secured bank debts of the company through a fresh Rights Issue. 2. On receiving confirmation of the Board for the fresh Rights Issue, the members of the board discussed about formation of a separate focused Rights Issue Committee (RIC).