This is to inform the exchanges that the Board of Directors of the Company at its meeting held on today i.e. 12 November 2020 inter alia has considered and authorized to the issue of listed secured / unsecured redeemable Non-Convertible Debentures on private placement basis up to an amount of Rs. 150 Crores in one or more tranches as may be necessary in accordance with applicable laws including the provisions of the SEBI (Issue and Listing of Debt Securities) Regulations 2008 and the Companies Act 2013. Further disclosures and details as may be relevant are being provided in due course.