we would like to inform that Board of Directors at their Meeting held on Thursday, 01 September, 2022 have inter alia, transacted the following matter: 1. The Board recommended the Split/Sub-division of shares of the Company from Face Value of Rs.10/- each to Face Value of Rs.2/- each, subject to the approval of Members of the Company in the 37" Annual General Meeting. 2. Pursuant to the aforesaid sub-division of shares, if the same has been approved by Members of the Company in the 37" Annual General Meeting, the Board has recommended to alter the Capital Clause i.e., Clause V of the Memorandum of Association of the Company.