We wish to inform you that, the Board of Directors of the Company has inter alia considered and approved: i. the issuance of partly paid-up equity shares of the Company of face value of Rs. 10/- each for an amount not exceeding Rs. 400 crore by way of a rights issue to the eligible equity shareholders of the Company as on the record date (to be determined and notified subsequently), in accordance with applicable laws, including the SEBI(ICDR) Regulations, 2018, as amended, subject to such regulatory and statutory approvals, as may be required under the applicable laws. ii. Appointment of M/s. Alwyn Jay & Co., as Secretarial Auditors of the Company for a term of 2 consecutive year i.e. FY 2025-26 and FY 2026-27, subject to Shareholders approval.