Meeting of the Board of Directors of the Company held on Wednesday, March 19, 2025, at the Registered Office of theCompany discussed and approved the following along with other matters:1. Issuance of fully paid-up Equity Shares of the Company, by way of a rights issue (the 'Rights Issue), in accordance with the Companies Act, 2013 as amended and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended, other applicable laws.Further details of terms and conditions of the Issue, including but not limited to, the final Issue size /amount, rights entitlement ratio, the issue price, record date, timing of the Rights Issue, Draft letter of offer and Letter of Offer will be intimated in due course.