In furtherance to our letter dated February 13, 2023, and subsequent to shareholders approval dated March 13, 2023, we wish to inform you that on March 31, 2023, Board of Directors of the Company has approved the allotment of 15,16,011 equity shares of Rs. 10/- each, at a price of Rs. 160 per share (including share premium of Rs. 150 per share), on Preferential basis.