Subject to approval of the shareholders of the Company and such other regulatory as may be required, the board of directors approved the raising of funds of up to INR 26,11,71,000 by creating, issuing, offering and allotting the following securities of the Company to non promoter of the Company, by way of a preferential issue on a private placement basis ('Preferential Issue'): a) Up to 10,02,000 equity shares, having face value of INR 10/- each, at a price of INR 153 per equity share; and b) Up to 7,05,000 warrants, each carrying a right to subscribe to 1 (one) equity share at an exercise price of INR 153 per equity share aggregating to INR 10,78,65,000, The Preferential Issue shall be undertaken in accordance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.