Further to our letter dated September 5, 2022 and pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, we hereby inform you that the Board of Directors at its meeting held today i.e. on Thursday, September 8, 2022, has approved, inter alia: a. issuance of upto 60 crore equity shares and/or warrants convertible into equity shares through preferential allotment on a private placement basis to VFSI Holdings Pte. Limited, a oreign investor (Investor), and in this regard, to enter into an investment agreement with the Investor; b. seeking enabling authorisations of members for issuance of foreign currency convertible bonds. The Board also approved the notice convening the Extraordinary General Meeting to be issued to the members seeking approval for the above, as appropriate.