Widely read:
We hereby inform you that the Board of Directors of the Company at its meeting held today has considered and approved the reduction in total allotment of Convertible Warrants from 25 08 000 to 23 04 000 on account of non-receipt of the requisite 25% upfront consideration from 2 (two) proposed allottees within the stipulated timeline; accordingly warrants have been allotted to the remaining 10 (ten) allottees and no allotment has been made to the said 2 (two) allottees.
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