This is to inform you that the Board of Directors of the Company at its meeting held today, i. e. 28th February, 2024, inter alia, has approved the following:\r\n\r\n1. Board has decided to issue new 49,87,645 equity shares having face value of Rs. 10/- each at a premium of Rs. 12.50/- per share by way of Rights Issue to the existing shareholders of the Company at an issue price of Rs. 22.50/- per equity share in the ratio of 1:3 i.e. 1 (one) new Right Share for every 3 (three) existing Equity Shares held by the eligible shareholders.\r\n\r\nFurther we are enclosing herewith the additional details pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 as Annexure I.\r\n\r\nThe Board Meeting commenced at 3.00 p.m. and concluded at 4.00 p.m.