In continuation of our intimation dated March 20, 2024 and pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform you that due to changing market and political scenario and blockage of funds of the Company, at present the Board of Directors did not accord its approval for redemption of the Preference Shares of the Company in the Board Meeting held today, i.e., on 23rd March 2024 and will review and address the same at the earliest.\r\n\r\nThe Meeting of the Board of Directors commenced at 02:00 p.m. and concluded at 05:00 p.m.\r\n\r\nWe request you to kindly take the same on your records.