Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Share Issue and Allotment Committee of the Company has allotted 70,00,000 (Seventy Lakhs) 10% Unlisted, Non-Convertible, Cumulative, Non- Participating, Redeemable Preference Shares ('NCRPS') of the Company, of the face value of Rs. 100 each, fully paid up aggregating to Rs. 70,00,00,000/- (Rupees Seventy Crores Only) to Riddhi Siddhi Gluco Biols Limited, promoter Company, on receipt of cash consideration, on a preferential/private placement basis.\r\n\r\nPlease update the same on your records.