Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Thursday, September 17, 2026, has considered and approved the redemption of 50,00,000 unlisted 2.5% Non-Convertible Redeemable Preference Shares of the face value of ?10/- each ('Preference Shares'), held by the Preference Shareholder, out of the profits of the Company.\r\n\r\nUpon completion of the aforesaid redemption, the issued and paid-up preference share capital of the Company shall stand reduced to Nil.\r\n