Royal India Corporation Limited - Board Meeting Outcome for Outcome Of Board Meeting Held On March 18, 2023

1. Increase of Authorized Share Capital of the Company from Rs. 24,00,00,000 (Rupees Twenty Four Crores only) divided into 2,40,00,000 (Two Crore Forty lakhs Only) equity shares of Rs.10 (Rupees ten) each to Rs. 1,24,00,00,000 (Rupees One hundred and twenty four Crores only) divided into 12,40,00,000 (Twelve Crore Forty Lakhs Only) equity shares of Rs.10 (Rupees ten) each subject to approval of shareholders. 2. Issue upto 5,49,90,00/- (Five Crores Forty Nine Lakhs and ninety Thousand only) Equity Shares, in one or more tranches, 3. Issue up to 4,40,00,000 (Four Crores and Forty Lakhs only) Warrants convertible into Equity Shares