To issue and allot a maximum of upto 2,61,50,000 (Two Crores, Sixty One Lakhs and Fifty Thousand) Equity Warrants, each convertible into or exchangeable for 1 (One) fully paid-up Equity Share of the Company of face value of Rs. 5/- (Rupees Five) each ('Warrant') to the 'Proposed Alottees' as listed in Annexure A by way of preferential issue at a price of Rs. 15 (Rupees Fifteen) per warrant, which is not less than the minimum price of Rs. 14.94 determined in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time-to-time aggregating to Rs. 39,22,50,000 (Rupees Thirty Nine Crores, Twenty Two Lakhs and Fifty Thousand only), subject to the approval of regulatory/statutory authorities and the shareholders of the Company;