Company Profile

Preferential Issue of shares (Revised) Inter alia, approved:- 1. Approval for increase in authorised share capital of the company from the present Rs.80,00,00,000 (Rupees eighty crore) divided into 6,50,00,000 (six crores fifty lakhs) equity shares of the face value of Rs.10/- (Rupees ten) each and 15,00,000 (fifteen lakhs) cumulative redeemable preference shares of the face value of Rs.100/- (Rupees one hundred) each to Rs.100,00,00,000 (Rupees one hundred crores) divided into 8,50,00,000 (eight crore fifty lakhs) equity shares of the face value of Rs.10/- (Rupees ten) each and 15,00,000 (fifteen lakhs) cumulative redeemable preference shares of the face value of Rs.100/- (Rupees one hundred) each and that Clause V of the Memorandum of Association be altered accordingly. 2. To Issue 36,62,846 equity shares of face value of Rs. 10/- each fully paid-up (?Equity Shares?) to certain identified Non-Promoters person/entities, on a preferential basis in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended (the ?SEBI ICDR Regulations?), and other applicable laws, at a price of Rs.149.50/- per Equity Share, subject to it being in compliance with the minimum issue price calculated in accordance with Regulation 164(1) of Chapter V for Preferential Issue under SEBI ICDR Regulations, subject to the approval of regulatory/ statutory authorities and the shareholders of the Company. 3. To Issue 27,15,722 Convertible Warrants (?Warrants?) of face value of Rs.10/- each to Promoter Group and certain identified Non-Promoters person/entities, on a preferential basis in accordance with Chapter V of the SEBI ICDR Regulations and other applicable laws, at a price of Rs.149.50/- per Warrant on the terms and conditions i.e 25% of the total consideration of the Warrants shall be payable at the time of application and the balance would be payable at the time of conversion of the Warrants into Equity Shares. Each Warrant is convertible into 1 Equity Share and the conversion can be exercised at any time within a period of 18 months from the date of allotment, in one or more tranches, as the case may be. Subject to it being in compliance with the minimum price calculated in accordance with Regulation 164 of Chapter V for Preferential Issue under SEBI ICDR Regulations, subject to the approval of regulatory/ statutory authorities and the shareholders of the Company. 4. Resolution under Regulation 37A of the SEBI (LODR) Regulations, 2015.

Preferential Issue of shares (Revised) & Issue Of Warrants The Board Meeting to be held on 03/04/2024 has been revised to 04/04/2024

Preferential Issue of shares (Revised) & Issue Of Warrants The Board Meeting to be held on 03/04/2024 has been revised to 04/04/2024

Preferential Issue of shares & Inter alia, to consider and approve:- Fund Raising.