We wish to inform you that the Board of the Company, in its meeting held today i.e. August 28, 2023, has inter alia considered and approved the following: (i) approval and adoption of the preliminary placement document dated August 28, 2023, and the application form, in connection with the QIP; (ii) authorizing the opening of the proposed issue of such number of Equity Shares to eligible qualified institutional buyers through a qualified institutions placement under Chapter VI of the 'SEBI ICDR Regulations' and Section 42 of the Companies Act, 2013, read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014, each as amended (the 'QIP') today, i.e. on August 28, 2023; and (iii) approved the floor price of the QIP, being ?1641.09/- per Equity Share (the "Floor Price"), based on the pricing formula as prescribed under the SEBI ICDR Regulations.