Allotment of Equity Shares and Warrants convertible into Equity Shares on preferential basis

The board approved allotment of 55,64,283 equity shares at INR 14 per share (face value INR 10, premium INR 4). Of these, 11,49,998 shares were issued to non-promoters for cash (INR 1.61 crore) and 44,14,285 shares were issued in lieu of loan conversion worth INR 6.18 crore. Additionally, 72,49,998 warrants convertible into equity shares were allotted at INR 14 each (INR 10.15 crore total), with 25% upfront payment and the balance within 18 months. Post-allotment, the paid-up equity capital rises to INR 10.78 crore. The board also appointed Mr. Arvinder Singh Kohli as Non-Executive Independent Director and Mr. Surinder Kalra as Internal Auditor.