We wish to inform you that the Board of Directors of the Company in its meeting held today i.e. Wednesday, February 28th, 2024 has considered and approved the following businesses; 1. Fund Raising of an amount not exceeding INR 30,00,00,000/- (Rupees Thirty Crores Only), through issuing Equity Shares by way of Right Issue to the eligible equity shareholders of the Company as on Record date (to be notified subsequently within due course). Disclosure in respect of issuance of securities as per SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are annexed herewith as Annexure A. 2. Appointment of various intermediaries for the aforesaid Rights Issue; 3. Constitution of the Right Issue Committee consisting of, Mr. Chintan Nayan Bhai Rajyaguru, Chairman, Mr. Keval D. Dave, Member, and Ms. Khushbu Bharkatya, Member to proceed with the Right issue and, inter-alia, decide the other terms and conditions of the Right Issue.