Pursuant to the approval granted by the Shareholders through Postal Ballot on October 20, 2021, and pursuant to the "In-principle Approvals" granted by the NSE & BSE on January 11, 2022, the Warrants and Share Allotment Committee of the Board of Directors of the Company has allotted 1,50,00,000 (One Crore and Fifty Lakh only) Warrants convertible into Equity Shares to Mr Shankar Sharma and 80,50,000 (Eighty Lakh and Fifty Thousand only) Equity Shares to the 21 proposed allottees on January 23, 2022 at an issue price of Rs.37.77/- per warrant/share including a premium of Rs.35.77/- per warrant/share on preferential basis in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.