The Board of Directors of the Company at their meeting held today, have discussed and approved the following business: 1. The Board has considered and approved raising of funds through issue of fully paid up equity shares on rights basis to the existing equity shareholders of the Company for an amount not exceeding Rs. 32.00 Crores (Rupees Thirty- Two Crores only), in accordance with the provisions of Companies Act, 2013 and the rules made there under, the SEBI (ICDR) Regulations, 2018, as amended and other applicable laws. 2. The Board has constituted a Rights Issue Committee and authorized its members to decide on the terms and conditions of the Issue, including but not limited to, the final Issue size, rights entitlement ratio, the issue price, record date, timing of the Right Issue, approval of DLOF, appointment of intermediaries, allotment of shares and other related matters. 3. Board has appointed M/s. SPANJ & Associates, Practicing CS as Secretarial Auditor of the Company.