Pursuant to Regulation 30 and other relevant clauses of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company in its Rights Issue Committee meeting held on 6th December, 2017 has considered and approved allotment of 15,05,793 fully paid up rights equity shares of face value of Rs. 2/- each at a price of Rs. 80/- (including premium of Rs. 78/-) per rights equity shares to the eligible equity shareholders of the Company on the basis of allotment as approved by BSE Limited, the designated stock exchange.
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