Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('Listing Regulations') and in continuation to the approval accorded by the Board in its Meeting held on September 05, 2022, We wish to inform you that the Board of Directors of the Company, at their meeting held today i.e. May 15, 2023, inter alia, has considered and approved the following: 1. The limit of Private placement of Listed, secured, redeemable, non- convertible Debentures, to INR 1,25,00,00,000/- (Indian Rupees One Hundred and Twenty Five Crores only) from INR 1,75,00,00,000/-(Indian Rupees One hundred and Seventy Five Crores only ) in line with the discussions between the Company and M/s Kotak Investment Advisors Limited (' the Arrangers'). The relevant details pertaining to the above are enclosed as Annexure A