Announcement under Regulation 30 (LODR)-Preferential Issue

1. Increase of authorised share capital of the Company and consequent amendment of Clause 5 of the Memorandum of Association of the Company (“MOA”) Subject to the approval of the shareholders of the Company and such regulatory/ statutory authorities as may be applicable, the Board has approved the increase in the authorized share capital of the Company from Rs. 30,00,00,000/- (Rupees Thirty Crore