With reference to the above cited subject and in compliance with related Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we hereby inform to the exchange that the Board of Directors of the Company at their meeting held on 12th June 2023 have considered and approved the terms of the proposed Right Issue. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 read with SEBI circular No. CIR/CFD/CMD/ 4/2015 dated 9th September 2015 is enclosed herewith as Annexure - 1.You are requested to take the above cited information on your record.