1. Issuance of equity shares having a face value of Rs.10/- each by way of a rights issue to the eligible equity shareholders of the Company as on the record date (to be notified subsequently) for an amount not exceeding Rs.30 Crores (Rupees Thirty Crores Only) in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, the Companies Act, 2013 and other applicable laws, at such price and on such terms and conditions as may be decided by the Board or a duly constituted committee of the Board in accordance with applicable laws, subject to receipt of necessary approvals, if and as may be required.\r\n\r\n2. We wish to inform you that the Board has appointed various intermediaries for the Proposed Right issue of the Company.