This is further to the meeting of the board of directors of the Company ('Board') dated March 9, 2022, where the issue of fully paid-up equity shares of the Company of face value of ?10 each ('Equity Shares') was approved by way of a rights issue for an amount not exceeding ?2,500 crore ('Rights Issue'), in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws and our intimation dated March 23, 2023 in connection with the meeting of the Board to approve the limited reviewed unaudited consolidated financial results of our Company for nine months ended December 31, 2022 along with the auditors' review report and to decide, inter alia, the Rights Issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the Rights Issue.