As informed vide our letter dated October 28, 2021, regarding proposal to consider the enhancement of limit of issuance of Un-secured/secured, redeemable, Non-Convertible Debenture ('NCDs') in today`s Board Meeting, we wish to inform you that the Board of Directors have approved the enhancement in limit of NCDs to be issued on Private Placement Basis from the existing limit of Rs. 250 crores to Rs. 500 crores. The enhanced limit shall enable the Company to issue said NCDs from time to time in various tranches on private placement basis.
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