In terms of the Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 we would like to inform you that Board of Directors at its Meeting held on 06th April 2022 inter-alia has considered and approved the conversion of 1 627 465 Compulsorily Convertible Preference Shares (CCPS)of Rs. 100/- each into 3 254 930 Equity Shares of face value of Rs. 2/- each at a price of Rs. 50/- per equity share including premium of Rs. 48/-