Board Meeting held for conversion of Warrants into Equity

The Board of Directors approved allotment of 2,90,000 equity shares (face value INR 10 each) to Thakore Dashrath Kanjibhai, a non-promoter public shareholder. These shares were issued upon conversion of an equal number of fully convertible equity warrants that were allotted on November 26, 2024 at INR 10 per warrant. The conversion is part of a larger lot of 57,00,000 warrants, with remaining 28,00,000 warrants to be converted within 18 months. As a result, the company's paid-up equity share capital increased from INR 22,57,71,500 to INR 22,86,71,500.