Pursuant to second proviso to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors in consultation with the Rights Issue Committee in their meeting held today i.e. 23rd January, 2024 at the Corporate Office of the Company situated at Shop No 128 Supemall-2 GH-0 Circle, Infocity, Gandhinagar - 382007, Gujarat, which commenced at 1:00 P.M. and concluded at 2:10 P.M. inter-alia has considered and approved issue of 1,80,00,000 Equity Shares of face value of Rs. 10.00/- each for cash at an Issue Price of Rs. 27.00/- per Equity Share aggregating upto Rs. 48,60,00,000/- to all the existing eligible Equity shareholders of the Company on Rights ('Rights Issue'). The brief term of Rights Issue is approved by the Board is attached herewith as Annexure - I.