we are pleased to inform you that the Board of Directors of the Company at its meeting held today, September 27, 2022, has approved and allotted 1,03,50,000 (One Crores Three Lakh and Fifty Thousand) equity shares of the Company of face value of Rs. 10/- each ('Equity Shares') to the Rishikunj Vincom Pvt Ltd and its associates, forming part of the new Promoter Group, in terms of the approved resolution plan under section 31(1) of the Insolvency and Bankruptcy Code, 2016, in pursuance of Order dated January 11, 2022, passed by the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench in IA(IB) No.955/KB/2021 in CP(IB) No. 986/KB/2020.