in accordance with the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held on 04th May, 2020 inter alia approved the following matter: Subject to approval of the shareholders of the Company through Postal Ballot, the board has approved the issuance of 7,10,000 Equity shares of Rs. 10 each, at a price of Rs.44 per share, through preferential basis to the individuals belonging to Promoters Category and Non- Promoters Category