Allotment of 14,50,000 fully paid-up Equity Shares having face value of Rs.10/- each at an issue price of Rs.20/- including premium of Rs.10/- per Equity Share, upon receipt of an amount aggregating to Rs.2,90,00,000 for cash consideration on a preferential basis in accordance with SEBI (ICDR) Regulations, 2018 and the Companies Act, 2013.