The Board of Directors in its BM held on 7th September, 2022 has approved issue and allot of 65,00,000 equity shares on preferential basis to promoters and non-promoters. The Company has received approval from members of the company on 30th September, 2022 regarding issuance of shares through Preferential issue and has received in principal approval from BSE dated 17th October, 2022. Further the company could not make allotment of 30,00,000 equity shares within 15days from receiving in principal approval from BSE. Hence in accordance with regulation 170(2) of SEBI (ICDR) Regulations, 2018 the Board subject to the approval of member's in the EGM hereby approves the ratification of member's resolution passed in AGM on 30th September, 2022 for allotment of 30,00,000 equity shares