The Board of Directors in their meeting held today i.e. 1st August, 2025, inter-alia approved the issuance of upto 30,00,000 @ 9.25% p.a. Redeemable Non-Convertible Cumulative Preference Shares of face value of Rs. 100/- each at an issue price of Rs. 100/- forming part of authorised share capital of the Company and be offered and issued in one or more tranches, on a private placement basis to the promoter and promoter group of the Company subject to the approval of shareholders.