Preferential allotment approved

5893.88 lacs at the rate of INR 633.75 per warrant (being the balance 65% of the issue price) from warrant holders. Mentioned below along with requests to allot the relevant equity shares against these fully paid Warrants. Accordingly, as per the terms of issue of Warrants, the Committee of Directors of the Company, has today i.e.

Shares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.

• Who the allottees are
• Issue price versus market price
• Lock-in period on the new shares