Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirement) Regulations 2015, we wish to inform you that the Board of Directors of the Company had discussed in its meeting held today i.e. Monday, 22nd July, 2024 regarding the proposed issue and allotment of upto 65,57,377, 8% unsecured, unrated, listed Optionally Convertible Debenture (OCDs) aggregating upto 20,00,00,000/- (Rupees Twenty Crore), and it is hereby concluded and informed that the Investors had asked for further time for the said subscription and for which the company cannot allow more time as per the compliance procedures and hence it is hereby decided not to move ahead with the proposed OCD issue and have concluded to cancel the same.