Further to our letter dated April 12, 2022 and in accordance with the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (???SEBI LODR Regulations???), we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. April 19, 2022 have inter-alia approved raising of funds for an aggregate amount up to Rs. 230 Crores (Rupees Two Hundred and Thirty Crores Only) by way of an issuance of Equity Shares on rights basis to the eligible equity shareholders of the Company as on the record date, as may be notified by the Company, subject to receipt of Regulatory/Statutory approvals, in accordance with the applicable provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (SEBI ICDR Regulations) and the Companies Act, 2013 and rules made thereunder (Companies Act).Also, the Board has constituted ???Rights Issue Committee??? to decide the terms and conditions in relation to the Rights Issue, including, but not limited to the issue price, rights entitlement ratio and record date.The Meeting of the Board of Directors commenced at 11.30 AM and concluded at 12.35 PMKindly take the same on record
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