A meeting of the board of directors of the Company was held today i.e. Thursday, 13th February, 2025, has inter-alia, considered and approved the proposal of raising funds to Issue, offer and allot 690000 (Six Lakh Ninety thousand) equity shares of face value of Rs. 10/- each fully paid-up, on a preferential basis, to the allottees, as mentioned in Annexure 1 ('Proposed Allottees'), at a price of Rs. 52/- per equity share, amounting to Rs. 3,58,80,000/-. (Rupees Three Crore Fifty Eight Lakh Eighty Thousand only) ('Preferential Issue'), in accordance with the applicable provisions of the Companies Act, 2013 and SEBI ICDR Regulations, and also subject to approval of the shareholders of the 'Company'.\r\n\r\nFurther, the Board of Directors of the Company has approved a process of carrying out Postal Ballot to seek approval of the shareholders of the Company for issuance and allotment of equity shares by way of preferential issue to the Proposed Allottees