Dear Sir, The Board of Directors of the Company, has on 07 November, 2023, considered and approved the allotment of 11,00,000 (Eleven Lakhs) warrants at a price (including the Warrant Subscription Price and the warrant exercise price) of Rs. 36.00/- (Rupees Thirty Six only) each payable in cash ('Warrant Issue Price'), aggregating upto Rs. 3,96,00,000 ( Rupees Three Crores Ninety Six Lakhs Only) ('Total Issue Size') on preferential basis to the Promoter of the Company and certain identified non-promoter persons ('Allottees') as mentioned in the Notice of EGM and as per the list enclosed marked as Annexure 1.