Board has approved to Issue and Allot up to 6,49,500 Equity Shares on a preferential basis in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018 ('SEBI ICDR Regulations'), as amended, and other applicable laws, at an issue price of Rs. 40/- per share (Including premium of Rs. 30/- per share), subject to the approval of regulatory/ statutory authorities and the shareholders of the Company.