With reference to correspondence dated February 19, 2024 regarding allotment of
28,00,000 Convertible Warrants in terms of Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, we would like to inform you that the
Board of Directors of the Company in their meeting held today i.e. Thursday, March 28, 2024,
inter-alia has considered and approved the allotment of 6,00,000 (Six Lakhs only) Equity
Shares of face value of Rs. 10/- (Rupees Ten only) each upon conversion of the warrants at
an issue price of Rs. 195/- (Rupees One Hundred and Ninety-Five only) each, including
premium of Rs. 185/- each (as determined in accordance with the pricing guidelines
prescribed under Chapter V of the SEBI ICDR Regulations) (the 'Issue Price').
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