Pursuant to Regulation 30 and other applicable provisions, if any, of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Committee of the Company at its meeting held today, has considered allotment of 1,65,58,232 equity shares consequent to conversion for 2542 Zero Coupon Compulsorily Convertible Bonds (Series B1 Bonds) aggregating to US$ 2.542Mn. at a conversion price of Rs. 10 per share. Post this conversion, outstanding Series B1 Bonds are US$ 51.348 Mn. as on January 28, 2019.
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