In continuation of our notice dated March 03, 2025, we wish to inform that, the Board of Directors in their meeting held today, inter-alia, considered and approved the issuance of senior, secured, unlisted, unrated, redeemable and Non-Convertible Debentures (NCDs) up to ?75,00,00,000 (Rupees Seventy-Five Crores) in one or more tranches on private placement basis. The proceeds will primarily be used to repay the existing debt and general corporate purposes. Further, the proposed borrowing will result in reduction of number of Promoters pledge shares. The relevant details pertaining to the above, as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular dated November 11, 2024 is enclosed herewith as Annexures A The meeting commenced at 11:05 AM (IST) and concluded at 11:45 PM (IST).