Further to the intimation dated 4th August, 2021, this is to inform you that the Board of Directors at its meeting held on 13th August, 2021 has, inter alia, approved issue of 38,90,000 warrants convertible into 38,90,000 equity shares of Rs. 10/- each on preferential basis, to promoter/promoter group and others (i.e. persons/entities not forming part of the promoter and promoter group), in compliance with applicable provisions of SEBI ICDR Regulations, 2018, subject to the approval of the shareholders of the Company and such other regulatory/statutory approval as may be required. Each warrant is convertible into one (1) equity share and the conversion can be exercised at any time during the period of 18 months from the date of allotment of warrants on such other terms and conditions as applicable. The details as required under Regulation 30 of SEBI Listing Regulations with respect to issuance of securities is enclosed as Annexure A.