<div>The Board of Directors passed a resolution at its meeting held on the 19th day of&nbsp;December 2022, approving the aforesaid rights issue of 4,43,34,952 equity&nbsp;shares at Rs.25/- each for cash (face value of Rs.10/- and premium of&nbsp;Rs.15/-) on rights basis to the existing equity shareholders of the Company&nbsp;in the ratio of 1:1 i.e, 1 equity share for every 1 fully paid-up equity share(s)&nbsp;held by the eligible equity shareholders. These shares are being offered to&nbsp;those shareholders whose name appears in the Register of Members of the&nbsp;company on December 19, 2022, being the record date fixed by the Board of&nbsp;Directors. The issue shall remain open for a period of 30 days commencing&nbsp;from January 02, 2023, till the closure of working hours i.e.&nbsp;05.00 p.m. on&nbsp;January 31, 2023.</div>

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