With reference to the captioned subject, we hereby wish to inform you that the Board of Directors of the Company in their meeting held on Wednesday, March 05, 2025, inter-alia, have considered and approved the following items:\r\n\r\n1. The Board at its meeting held today considered and approved the Draft Letter of Offer for the proposed Rights Issue of up to ? 35,00,00,000/-. The Draft Letter of Offer is to be filed with the BSE Limited ('BSE') for in-principle approval. Further, Ms. Mitaliben R. Patel, Company Secretary of the Company is authorised to make an application to BSE for inprinciple approval.\r\n\r\nThis intimation is issued in terms of Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.