Pursuant to the Special Resolutions passed by the shareholders of the Company in 14th Annual General Meeting held on 28th September, 2022 and in accordance with the 'In- Principle Approval' granted by BSE Limited vide letter bearing no. LOD/PREF/CP/FIP/2650/2022-23 dated September 30, 2022, the Board of Directors in their meeting held today on 10th October 2022, have allotted 1,10,00,000 equity shares of face value Rs. 02/- each ('Equity Shares') at a price of Rs. 05.65/- (including a premium of Rs. 03.65/-) per equity share, for a total consideration of Rs. 6,21,50,000/- (Rupees Six Crore Twenty One Lakh Fifty Thousand Only) to the persons belonging to Promoters/ Promoter Group category, by way of the Preferential Issue in accordance with SEBI (ICDR) Regulations, 2018, as amended.