Pursuant to Regulation 29 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, you are hereby informed that the Board of Directors of the Company have decided the following:\r\n\r\n1. Proposed the Preferential Issue of Equity Shares to the Non-Promoters of the Company not exceeding Rs.30,00,00,000 (Rupees Thirty Crores).\r\n\r\n2. Authorized Mr. Y. Siddharth Reddy, Vice-Chairman & Director and Mr. D. Krishna Kumar Raju, Vice-Chairman & CEO of the Company to lead the proposed issue and appoint the necessary Intermediaries for the proposed issue.\r\n\r\nMeeting of the Board of Directors commenced at 2:00 P.M and concluded at 3:55 P.M.\r\n\r\nYou are hereby requested to take on record the above said information.