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:1. Proposed the Preferential Issue of Equity Shares to the Non-Promoters of the Company not exceeding Rs.30 00 00 000 (Rupees Thirty Crores).2. 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.Meeting of the Board of Directors commenced at 2:00 P.M and concluded at 3:55 P.M.You are hereby requested to take on record the above said information.