In furtherance to the same, we hereby inform your good office that the Board of Directors of the Company at their Meeting held today i.e. 06.06. 2024 has, inter-alia considered and approved the fund raising by way of the issue of equity shares of the company to its eligible shareholders as on the record date (to be notified later) on a right basis ('Rights Issue'), for a maximum amount not exceeding Rs. 16,00,00,000/- (Rupees Sixteen Crores Only) (the 'Issue'), subject to receipt of necessary approvals, as applicable and in accordance with applicable provisions of the Companies Act, 2013, as amended, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ('SEBI (ICDR) Regulations'), as amended, and other applicable laws.