With reference to the captioned subject and in terms of Regulation 30 of the Listing Regulations, we hereby inform your good office that the Board of Directors of CSL Finance Limited ('the Company') at their Meeting held today i.e. on Tuesday, June 27, 2023 Considered and approved the issue & allotment of up-to 17,00,000 (Seventeen Lakh) Equity Shares of Face value of Rs. 10/- each to persons belonging to 'Non-Promoter' Category on preferential basis ("Preferential Issue") at an issue price of Rs. 286/- (Rupees Two Hundred and Eighty-Six Only) in accordance with provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and applicable provisions of Companies Act, 2013 and rules made thereunder aggregating up to Rs. 48,62,00,000/- (Rupees Forty-Eight Crore Sixty-Two Lakh Only) for cash, subject to the approval of shareholders, lenders and other statutory approvals as may be applicable.