We wish to inform you that in terms of special resolution passed by the members of the company through postal ballot on 6th August, 2022 and accordance with 'In principal Approval' granted by the BSE Limited, the Board of Directors of the Company in their meeting held i.e., 19th August 2022, has allotted 6,30,000 share warrants convertible into equal number of equity shares to M Satyendra, Promoter of the Company at an issue price of Rs. 68/- per warrant on preferential basis in accordance with SEBI(Issue of Capital and Disclosure Requirements) Regulations, 2018. Further we would like to inform you that the Company has received from the allottee i.e., M.Satyendra, 25% of consideration amount aggregating to Rs.1,07,10,000/- as required under SEBI(Issue of Capital and Disclosure Requirements) Regulations, 2018. As the Company has allotted the convertible Warrants, there is no change in paid up capital of the Company.