Pursuant to Regulation 30 read with Schedule III and other applicable regulations of SEBI (LODR) Regulations, 2015, ('Listing Regulations'), we wish to inform you that the Board of Directors at its meeting held today i.e. Monday, 29th May, 2023 at 4:00 p.m. has approved the allotment of 8,75,000 equity shares of face value of Rs. 10/- at an issue price of Rs. 78/- each (including a premium of Rs. 68/- per equity share), aggregating to and not exceeding Rs. 6,82,50,000/- (Rupees Six Crore Eighty-Two Lakh Fifty Thousand Only), on a preferential basis.