Further to our intimation dated Monday, 29th November, 2021 and pursuant to Regulation 30 of SEBI LODR Regulations, we are pleased to inform that the Board of Directors of the Company at their meeting held on Saturday, 4th December, 2021 have approved a proposal for Buy-Back of up to 2,50,000 fully paid-up Ordinary Shares of the Company of face value of ? 10/- (Rupees Ten Only) each, representing 3.99% of the present total number of fully paid-up Ordinary Share Capital of the Company, at a price of ? 1,725/- (Rupees One Thousand Seven Hundred and Twenty-Five Only) per Ordinary Share ('Buy-Back Price') payable in cash for an aggregate amount of up to ? 43,12,50,000/- (Rupees Forty-Three Crores Twelve Lakhs and Fifty Thousand Only) representing 8.61% of the aggregate paid-up capital and free reserves as per latest standalone audited financial statements of the Company for the financial year ended 31st March, 2021 ('Buy-Back Offer Size').